Privacy-Preserving Transactive Energy System

Abstract

In this paper, the privacy issue of recently proposed transactive energy systems for electric power systems is studied for the first time. It is identified that the private information of individual market participants is subject to the risk of leakage during their market-based interaction. In order to protect their privacy, a homomorphic encryption-based approach is developed to achieve the privacy preservation with the Paillier encryption scheme. The proposed privacy-perserving design is then demonstrated on a transactive energy system that coordinates and controls residential air conditioners to manage the feeder congestion. The simulation results confirm the effectiveness of the proposed design in protecting the privacy of individual market participants without affecting the overall system performance. Future work on the proposed design is also suggested.