A Critical and Comprehensive Handbook for Game Theory Applications on New Power Systems: Structure, Methodology, and Challenges

Abstract

To effectively promote renewable energy development and reduce carbon dioxide emissions, the new power system integrating renewable energy sources (RES), energy storage (ES) technology, and electric vehicles (EVs) is proposed. However, the generation variability and uncertainty of RES, the unpredictable charging schedule of EVs, and access to energy storage systems (ESS) pose significant challenges to the planning, operation, and scheduling of new power systems. Game theory, as a valuable tool for addressing complex subject and multi-objective problems, has been widely applied to tackle these challenges. This work undertakes a comprehensive review of the application of game theory in the planning, operation, and scheduling of new power systems. Through an analysis of 143 research works, the applications of game theory are categorized into three key areas: RES, ESS, and EV charging infrastructure. Moreover, the game theory approaches, payoff/objective functions, players, and strategies used in each study are thoroughly summarized. In addition, the potential for game theory based on artificial intelligence is explored. Lastly, this review discusses existing challenges and offers valuable insights and suggestions for the future research directions.