Application of game theory in modern electrical power system (a review)
Source abstract
Abstract
In recent decades, because of the speedy progress of the smart grid and the deepening of the reforms of the energy system, demand-side users can contribute to the collaboration of the energy network, with the main right to public energy procurement and the main right to sell energy. The demand side of the smart grid and the open energy market provides users with more adoptions, and game theory is expected to become an important tool for optimizing multi-stakeholder decision-making and solving many problems in this area. In this regard, this review article first reviews the recent development of game theory application in modern power systems, in addition to discussing in detail the typical gaming behavior of the current energy demand side. Second, it focuses on the application of game theory mainly in three aspects: distributed energy users, high-energy energy users, and medium- and low-energy users. Game theory is used in optimizing the distributed energy coordination, optimizing the energy purchasing strategy, responding to the needs of commercial and residential users, and ensuring network communication. Later, a comprehensive analysis of recent trends in game theory application in power systems is carried out in detail.
Source: crossref · Quality: baseline
Research context
OpenAlex topics: Smart Grid Energy Management · Optimal Power Flow Distribution · Electric Power System Optimization
SciVX discovery tags are terminology-based. OpenAlex topics are source-provided classifications.
Affiliations
Department of Engineering, University of Campania “Luigi Vanvitelli,” 1 Aversa 81031, Italy
Yanbu Industrial College, The Royal Commission for Jubail and Yanbu 2 , Yanbu 30436, Saudi Arabia
Information Department of Mathematics Education, Akenten Appiah Menka University of Skills Training and Entrepreneurship Development 3 , Kumasi, Ghana
Department of Electrical Engineering, Lahore College for Women University 4 , Lahore 54000, Pakistan
Department of Economics, Kohat University of Science and Technology 5 , Kohat 26000, Pakistan
Department of Zoology, Kohat University of Science and Technology 6 , Kohat 25000, Pakistan
7 Department of Mathematics, Faculty of Science, Islamic University of Madinah, Medina, Saudi Arabia
Operational Research Center in Healthcare, Near East University 8 , Near East Boulevard, PC: 99138 Nicosia/Mersin 10, Türkiye
Department of Computer Science and Mathematics, Lebanese American University 9 , Beirut, Lebanon
Department of Mathematics and Physics, University of Campania “Luigi Vanvitelli,” 10 Caserta 81100, Italy
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