I would focus on what specific problems the video game use is causing and making rules/limits that address those issues. In that way the new rules will seem more logical to your son and you might be able to get more buy-in for why this change is necessary. Yes, it's your house and as the parents it is up to you to set the rules, but I've found that with teens everything is easier when (if) they can see for themselves the reason that new rules are necessary rather than creating an arbitrary power struggle situation. I'll do the latter if needed, but it's rarely been the best way in our house or the way that fits my parenting goals.
So, for example if he has not been getting adequate sleep, have a chat with him about why good sleep habits are important and that since video games are affecting this you will be instituting new time limits. The video games must be turned off X amount of time before bed, which is set for Y time.
Or, if his grades have been poor and you think a factor is that he's spending too much time on video games, you could
- have video games only on weekends so school nights are for concentrating on homework
- require that he complete all his homework and any studying for the night at the kitchen table before any video games
- ban video games until grades are at a certain level and he only has the right to play if his grades stay above that, checked weekly or whatever works for you.
If he is neglecting obligations (such as chores) or family events in order to have more time to play, I would require that he earn time on the video games by first completing other necessary tasks and allow no more than 2 hours per day maximum to be earned during the week.
For my kids something that often worked well, also, was picking a calm time to talk to them about why we thought something was a problem, and their ideas on how to fix the issue. Perhaps your teen notices that some things in his life are getting shortchanged and if that's the case he might be guided to see video games as a factor and suggest some of his own ideas for limits that work with how he prefers to set his routines.