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Electricity Network Investment and Regulation for a Low Carbon Future
The requirement for significantly higher electricity network investment in the UK seems certain as the capacity of distributed generation and large scale renewables increases on the system. In this paper, which forms a chapter in the forthcoming Book âDelivering a Low Carbon Electricity System: Technologies, Economics and Policyâ, the authors make a number of significant suggestions for improvement to the current system of network regulation. First, they suggest that the RPI-X system needs to be overhauled in favour of a simpler yardstick based system and which allows for more merchant transmission investments. Second, future regulation should involve more negotiated regulation involving agreements between network owners and purchasers of network services. This would be particularly advantageous for decisions on new network investments. Third, more extensive use needs to be made of locational pricing within the transmission and distribution system in order to facilitate the least cost expansion of low carbon generation, including micropower. Fourth, consideration needs to be given to ownership unbundling of distribution networks from retail supply. This would better facilitate the entry of distributed generation and the development of appropriate competition between grid and off-grid generation supply and demand side management. Finally, there needs to be a significant increase in R&D expenditure in electricity networks supported by customer levies
Bad Data Injection Attack and Defense in Electricity Market using Game Theory Study
Applications of cyber technologies improve the quality of monitoring and
decision making in smart grid. These cyber technologies are vulnerable to
malicious attacks, and compromising them can have serious technical and
economical problems. This paper specifies the effect of compromising each
measurement on the price of electricity, so that the attacker is able to change
the prices in the desired direction (increasing or decreasing). Attacking and
defending all measurements are impossible for the attacker and defender,
respectively. This situation is modeled as a zero sum game between the attacker
and defender. The game defines the proportion of times that the attacker and
defender like to attack and defend different measurements, respectively. From
the simulation results based on the PJM 5 Bus test system, we can show the
effectiveness and properties of the studied game.Comment: To appear in IEEE Transactions on Smart Grid, Special Issue on Cyber,
Physical, and System Security for Smart Gri
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