Current electricity sectors will be unable to keep up with commercial and residential customers’ increasing demand for data-enabled power systems. Therefore, next-generation power systems must be developed. It is possible for the smart grid, an advanced power system of the future, to make decisions, estimate loads, and execute other data-related jobs. Customers can adjust their needs in smart grid systems by monitoring bill information. Due to their reliance on data networks, smart grids are vulnerable to cyberattacks that could compromise billing data and cause power outages and other problems. A false data injection attack (FDIA) is a significant attack that targets the corruption of state estimation vectors. The primary goal of this paper is to show the impact of an FDIA attack on a power dataset and to use machine learning algorithms to detect the attack; to achieve this, the Python software is used. In the experiment, we used the power dataset from the IoT server of a 10 KV solar PV system (to mimic a smart grid system) in a controlled laboratory environment to test the effect of FDIA and detect this anomaly using a machine learning approach. Different machine learning models were used to detect the attack and find the most suitable approach to achieve this goal. This paper compares machine learning algorithms (such as random forest, isolation forest, logistic regression, decision tree, autoencoder, and feed-forward neural network) in terms of their effectiveness in detecting false data injection attacks (FDIAs). The highest F1 score of 0.99 was achieved by the decision tree algorithm, which was closely followed by the logistic regression method, which had an F1 score of 0.98. These algorithms also demonstrated high precision, recall, and model accuracy, demonstrating their efficacy in detecting FDIAs. The research presented in this paper indicates that combining logistic regression and decision tree in an ensemble leads to significant performance enhancements. The resulting model achieves an impressive accuracy of 0.99, a precision of 1, and an F1 score of 1.

Due to global warming and climate change, it is essential to produce power using renewable sources, such as solar, wind, fuel cells, etc. The traditional grid shifts towards the smart grid by infusing digital communication techniques and information technology. As the current power system is shifting towards a smart grid, the utility and prosumers participate in the energy trading process. Due to the distributed nature of the smart grid, providing a fair price among them is becoming a difficult task. The article introduces a model for energy trading in a smart grid by allowing participants to negotiate in multiple stages using a game-theory-based multi-stage Nash Bargaining Solution (NBS). The model’s application of game theory enables the participants to decide on a mutually acceptable price, thereby encouraging the utility, private parties and prosumers (those who are able to generate and consume energy) to participate in the trading process. Since all parties participate in the trading procedure, greenhouse gas emissions are reduced. The proposed model also balances the benefits of consumers and producers in the final agreed fixed price. To demonstrate the efficacy of the proposed work, we compare the analytical results with feed-in-tariff (FiT) techniques in terms of consumers’ energy bills and producers’ revenue. For experimental analysis, 20 participants are considered, where the percentage reduction in the bill of each consumer and the percentage increment of revenue of each producer are compared to FiT. On average, the overall bill of the consumer is reduced by $32.8\%$, and the producers’ revenue is increased by $64.83\%$ compared to FiT. It has been shown further that the proposed model shows better performance as compared to FiT with an increase in the number of participants. The analysis of carbon emission reduction in the proposed model has been analyzed, where, for 10 participants, the carbon emission reduction is approximately 28.48 kg/kWh, and for 100 participants is 342.397 kg/kWh.