IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v18y2025i2p245-d1562342.html
   My bibliography  Save this article

Modeling Electricity Markets and Energy Systems: Challenges and Opportunities

Author

Listed:
  • Danial Esmaeili Aliabadi

    (Helmholtz Centre for Environmental Research—UFZ, Permoserstraße 15, 04318 Leipzig, Germany)

  • Tiago Pinto

    (Department of Engineering, University of Trás-os-Montes e Alto Douro, 5001-801 Vila Real, Portugal
    Institute for Systems and Computer Engineering, Technology and Science (INESC TEC), University of Trás-os-Montes e Alto Douro, 5001-801 Vila Real, Portugal)

Abstract

From the dawn of the Industrial Revolution, energy was predominantly produced by conventional technologies, relying on a heat source (mostly from the combustion of fossil fuels) and the turning of steam turbines [...]

Suggested Citation

  • Danial Esmaeili Aliabadi & Tiago Pinto, 2025. "Modeling Electricity Markets and Energy Systems: Challenges and Opportunities," Energies, MDPI, vol. 18(2), pages 1-4, January.
    • Handle: RePEc:gam:jeners:v:18:y:2025:i:2:p:245-:d:1562342
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/18/2/245/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/18/2/245/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Martin, Nigel & Rice, John, 2021. "Power outages, climate events and renewable energy: Reviewing energy storage policy and regulatory options for Australia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 137(C).
    2. Hugo Algarvio & António Couto & Fernando Lopes & Ana Estanqueiro, 2024. "Strategic Behavior of Competitive Local Citizen Energy Communities in Liberalized Electricity Markets," Energies, MDPI, vol. 17(8), pages 1-23, April.
    3. Arthur Lauro & Daniel Kitamura & Waleska Lima & Bruno Dias & Tiago Soares, 2023. "Considering Forward Electricity Prices for a Hydro Power Plant Risk Analysis in the Brazilian Electricity Market," Energies, MDPI, vol. 16(3), pages 1-13, January.
    4. Danial Esmaeili Aliabadi & David Manske & Lena Seeger & Reinhold Lehneis & Daniela Thrän, 2023. "Integrating Knowledge Acquisition, Visualization, and Dissemination in Energy System Models: BENOPTex Study," Energies, MDPI, vol. 16(13), pages 1-14, July.
    5. Esmaeili Aliabadi, Danial & Chan, Katrina, 2022. "The emerging threat of artificial intelligence on competition in liberalized electricity markets: A deep Q-network approach," Applied Energy, Elsevier, vol. 325(C).
    6. Ajagekar, Akshay & You, Fengqi, 2019. "Quantum computing for energy systems optimization: Challenges and opportunities," Energy, Elsevier, vol. 179(C), pages 76-89.
    7. Reinhold Lehneis & Daniela Thrän, 2023. "Temporally and Spatially Resolved Simulation of the Wind Power Generation in Germany," Energies, MDPI, vol. 16(7), pages 1-16, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Danial Esmaeili Aliabadi & David Manske & Lena Seeger & Reinhold Lehneis & Daniela Thrän, 2023. "Integrating Knowledge Acquisition, Visualization, and Dissemination in Energy System Models: BENOPTex Study," Energies, MDPI, vol. 16(13), pages 1-14, July.
    2. Reinhold Lehneis & Daniela Thrän, 2024. "In 50 Shades of Orange: Germany’s Photovoltaic Power Generation Landscape," Energies, MDPI, vol. 17(16), pages 1-12, August.
    3. de Meijer, Frank, 2023. "Integrality and cutting planes in semidefinite programming approaches for combinatorial optimization," Other publications TiSEM b1f1088c-95fe-4b8a-9e15-c, Tilburg University, School of Economics and Management.
    4. Huo, Da & Gu, Wenjia & Guo, Dongmei & Tang, Aidi, 2024. "The service trade with AI and energy efficiency: Multiplier effect of the digital economy in a green city by using quantum computation based on QUBO modeling," Energy Economics, Elsevier, vol. 140(C).
    5. Michela Ricciardi Celsi & Lorenzo Ricciardi Celsi, 2024. "Quantum Computing as a Game Changer on the Path towards a Net-Zero Economy: A Review of the Main Challenges in the Energy Domain," Energies, MDPI, vol. 17(5), pages 1-22, February.
    6. Rafał Różycki & Joanna Józefowska & Krzysztof Kurowski & Tomasz Lemański & Tomasz Pecyna & Marek Subocz & Grzegorz Waligóra, 2022. "A Quantum Approach to the Problem of Charging Electric Cars on a Motorway," Energies, MDPI, vol. 16(1), pages 1-20, December.
    7. Kim, Seonggon & Ko, Yunmo & Lee, Geun Jeong & Lee, Jae Won & Xu, Ronghuan & Ahn, Hyungseop & Kang, Yong Tae, 2023. "Sustainable energy harvesting from post-combustion CO2 capture using amine-functionalized solvents," Energy, Elsevier, vol. 267(C).
    8. Christopher Jung & Dirk Schindler, 2023. "Reasons for the Recent Onshore Wind Capacity Factor Increase," Energies, MDPI, vol. 16(14), pages 1-17, July.
    9. Perera, A.T.D. & Hong, Tianzhen, 2023. "Vulnerability and resilience of urban energy ecosystems to extreme climate events: A systematic review and perspectives," Renewable and Sustainable Energy Reviews, Elsevier, vol. 173(C).
    10. Ogbuabor, Jonathan E. & Ukwueze, Ezebuilo R. & Mba, Ifeoma C. & Ojonta, Obed I. & Orji, Anthony, 2023. "The asymmetric impact of economic policy uncertainty on global retail energy markets: Are the markets responding to the fear of the unknown?," Applied Energy, Elsevier, vol. 334(C).
    11. Thomaßen, Georg & Redl, Christian & Bruckner, Thomas, 2022. "Will the energy-only market collapse? On market dynamics in low-carbon electricity systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 164(C).
    12. Manske, David & Lehneis, Reinhold & Thrän, Daniela, 2025. "The landscape of the renewable electricity supply - Municipal contributions to Germany's energy transition," Renewable Energy, Elsevier, vol. 240(C).
    13. Zhang, Qianzhi & Wang, Zhaoyu & Ma, Shanshan & Arif, Anmar, 2021. "Stochastic pre-event preparation for enhancing resilience of distribution systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 152(C).
    14. Wang, Zekai & Ding, Tao & Jia, Wenhao & Huang, Can & Mu, Chenggang & Qu, Ming & Shahidehpour, Mohammad & Yang, Yongheng & Blaabjerg, Frede & Li, Li & Wang, Kang & Chi, Fangde, 2022. "Multi-stage stochastic programming for resilient integrated electricity and natural gas distribution systems against typhoon natural disaster attacks," Renewable and Sustainable Energy Reviews, Elsevier, vol. 159(C).
    15. Ajagekar, Akshay & You, Fengqi, 2022. "Quantum computing and quantum artificial intelligence for renewable and sustainable energy: A emerging prospect towards climate neutrality," Renewable and Sustainable Energy Reviews, Elsevier, vol. 165(C).
    16. Olatunji, Kehinde O. & Ahmed, Noor A. & Madyira, Daniel M. & Adebayo, Ademola O. & Ogunkunle, Oyetola & Adeleke, Oluwatobi, 2022. "Performance evaluation of ANFIS and RSM modeling in predicting biogas and methane yields from Arachis hypogea shells pretreated with size reduction," Renewable Energy, Elsevier, vol. 189(C), pages 288-303.
    17. Reinhold Lehneis, 2025. "The Electricity Generation Landscape of Bioenergy in Germany," Energies, MDPI, vol. 18(6), pages 1-12, March.
    18. Dilip Kumar & Yogesh Kumar Chauhan & Ajay Shekhar Pandey, 2025. "Performance Investigation of Renewable Energy Integration in Energy Management Systems with Quantum-Inspired Multiverse Optimization," Sustainability, MDPI, vol. 17(8), pages 1-24, April.
    19. Deng, Zhipeng & Wang, Xuezheng & Dong, Bing, 2023. "Quantum computing for future real-time building HVAC controls," Applied Energy, Elsevier, vol. 334(C).
    20. Ecer, Fatih & Saha, Abhijit & Dinçer, Hasan & Yüksel, Serhat, 2025. "Evaluating energy management investments for sustainable transition of smart cities through a new intuitionistic fuzzy consensus-based CoCoSo methodology," Renewable Energy, Elsevier, vol. 244(C).

    More about this item

    Keywords

    n/a;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:18:y:2025:i:2:p:245-:d:1562342. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.