End-user privacy in smart meter measurements is a well-known challenge in the
smart grid. The solutions offered thus far have been tied to specific
technologies such as batteries or assumptions on data usage. Existing solutions
have also not quantified the loss of benefit (utility) that results from any
such privacy-preserving approach. Using tools from information theory, a new
framework is presented that abstracts both the privacy and the utility
requirements of smart meter data. This leads to a novel privacy-utility
tradeoff problem with minimal assumptions that is tractable. Specifically for a
stationary Gaussian Markov model of the electricity load, it is shown that the
optimal utility-and-privacy preserving solution requires filtering out
frequency components that are low in power, and this approach appears to
encompass most of the proposed privacy approaches.Comment: Accepted for publication and presentation at the IEEE SmartGridComm.
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