Game Theory in Smart Grids: Strategic decision-making for renewable energy integration

Abstract

This article explores the application of Game Theory in the context of Smart Grids, focusing on its role in strategic decision-making for the effective integration of renewable energy sources. As the demand for sustainable energy solutions rises, the complexities of managing renewable resources within power grids become increasingly challenging. Game Theory provides a valuable framework for understanding and addressing the strategic interactions among various stakeholders in Smart Grids. The discussion encompasses the fundamentals of Smart Grids, the challenges associated with renewable energy integration, and the crucial role of strategic decision-making. By examining real-world case studies and evaluating the benefits and limitations, this article aims to shed light on the practical implications of employing Game Theory models in optimizing Smart Grids for the seamless integration of renewable energy. Looking forward, it explores future trends and developments, emphasizing the continuing significance of Game Theory in shaping the future of sustainable energy infrastructure. The results underscore the transformative potential of game theory in shaping the future of smart grids and advancing the transition towards a more sustainable and resilient energy infrastructure.