Risk Management in Automation for Power Trading

EasyChair Preprint 2164

Abstract

 Electric Power is a global business. Over the years, many countries, including India, have ceded ownership of power and automation firms to the private sector. Such an environment opens up opportunities for increased profit generation. Modern power and automation technologies ensure not only focus on production efficiency but also ensure that an intricate balance is achieved between production and consumption. These technologies, however, are not without challenges and hence risks

While automation is known to enhance safety and system reliability, such systems are more vulnerable to intrusion and thus, elimination of one risk yields a newer form of risk. For instance, buying, selling, and distributing power require an interconnected transmission line based on computer management operations. Such operations are prone to cyber intrusion and hence, the increased need for advanced risk management procedures

Keyphrases: ABT, Automation, Electricity, HMI, IPP

@booklet{EasyChair:2164,
  author    = {Pradip Banerjee and Anindita Banerjee and Anindita Ganguly},
  title     = {Risk Management in Automation for Power Trading},
  howpublished = {EasyChair Preprint 2164},
  year      = {EasyChair, 2019}}