Summary For the stable operation of a grid, the load regulation in the network with distributed generation resources and loads is very important. In this article, game theory (the Nash and Stackelberg equilibriums and their combination) is applied to adjust the loads and voltages of the system. The purpose method is implemented on a 9‐bus microgrid and the optimal solutions for the Nash and Stackelberg and combining equilibriums are determined and compared. The results indicate that the introduced method can create a competitive environment with consideration of the priorities of the loads for power and voltage regulations.