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The Strategic Importance of Cyber Security in Electric Energy Policies

Author

Listed:
  • Baybarshan Ali Kazancı

    (Department of Management and Organization, Fatma Şenses Social Sciences Vocational High School, Kırıkkale University, 71460, Bahşılı/Kırıkkale/Türkiye)

Abstract

The electricity sector faces significant risks from devastating cyber events that can exacerbate global and regional instabilities, amplifying economic and security vulnerabilities worldwide. These attacks directly impact countries’ electrical infrastructure, security policies, and everyday economic transactions. To comprehensively address these challenges, this study aims to conduct a thorough investigation into the politic implications of cyber threats within the realm of electrical energy, spanning both household use and production. The study concludes that the resilience of the electricity ecosystem remains low, indicating vulnerabilities. Furthermore, there’s an inadequacy in the availability of cyber personnel within the markets. Additionally, an established international cybersecurity culture is lacking, highlighting a need for collective efforts to strengthen global cybersecurity measures in the electricity sector. Therefore, countries have to identify weaknesses in electricity networks and develop strategies to safeguard their infrastructure, serving as a foundational basis for the formulation of national and international strategic policies.

Suggested Citation

  • Baybarshan Ali Kazancı, 2024. "The Strategic Importance of Cyber Security in Electric Energy Policies," International Journal of Energy Economics and Policy, Econjournals, vol. 14(4), pages 599-605, July.
    • Handle: RePEc:eco:journ2:2024-04-55
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    References listed on IDEAS

    as
    1. Cherp, Aleh & Jewell, Jessica, 2014. "The concept of energy security: Beyond the four As," Energy Policy, Elsevier, vol. 75(C), pages 415-421.
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    More about this item

    Keywords

    Electricity Security; International Cyber Policies; Energy Security;
    All these keywords.

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism

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