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This paper presents a new stochastic multi-layer agent-based model to study the behavior of electricity market participants. The wholesale market players including renewable power producers are modeled in the first layer of the proposed multi-agent environment. The players optimize bidding/offering strategies to participate in the electricity markets. In the second layer, responsive customers including...
Emerging trends in electric vehicles both in science and industry, as well as increasing popularity of these devices among end-users have laid serious issues in front of a system operator or planner. Higher deployment of available resources in the system will lead to higher flexibility for system operator in its interactions, besides to higher level of user satisfaction. In this study, various states...
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