Security News > 2020 > May > UK Electricity Market Administrator Elexon Targeted by Hackers
Elexon, a company involved in the management of the electricity market in the United Kingdom, has been hit by a cyberattack that impacted its internal IT systems.
Elexon manages the Balancing and Settlement Code on behalf of the electricity sector in the UK. The BSC defines the rules and governance for the balancing mechanism and imbalance settlement processes of electricity in Britain.
"We compare how much electricity generators and suppliers said they would produce or consume with how much electricity they actually generated and supplied. After calculating these volumes, we work out a price for the imbalances and charge organisations accordingly. This involves taking 1.2 million meter readings every day and handling over £1.5 billion of our customers' funds each year," Elexon says on its website.
While Elexon says only its internal systems are impacted, the UK's National Grid electricity system operator said on Twitter that it's investigating any potential impact on its own networks, but pointed out that electricity supply was not affected by the incident.
It's not uncommon for organizations in the electricity sector to be targeted in cyberattacks.