Date Added: Jul 2012
The concept of smart grid to transform the age old power grid into a smart and intelligent electric power distribution system is, currently, a hot research topic. Smart grid offers the merging of electrical power engineering technologies with network communications. Game theory has featured as an interesting technique, adopted by many researchers, to establish effective smart grid communications. The use of game theory, to date, has offered solutions to various decisions making problems, ranging from distributed load management to micro storage management in smart grid. Interestingly, different researchers have different objectives or problem scopes for adopting game theory in smart grid.