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. Tong, Ziqiang & Mansouri, Seyed Amir & Huang, Shoujun & Rezaee Jordehi, Ahmad & Tostado-Véliz, Marcos, 2023. "The role of smart communities integrated with renewable energy resources, smart homes and electric vehicles in providing ancillary services: A tri-stage optimization mechanism," Applied Energy, Elsevier, vol. 351(C).
    4. 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.
    5. Tiberiu Stefan Letia & Elenita Maria Durla-Pasca & Dahlia Al-Janabi & Octavian Petru Cuibus, 2022. "Development of Evolutionary Systems Based on Quantum Petri Nets," Mathematics, MDPI, vol. 10(23), pages 1-34, November.
    6. Liu, Hanchen & Wang, Chong & Ju, Ping & Li, Hongyu, 2022. "A sequentially preventive model enhancing power system resilience against extreme-weather-triggered failures," Renewable and Sustainable Energy Reviews, Elsevier, vol. 156(C).
    7. 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).
    8. 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.
    9. 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.
    10. Klemeš, Jiří Jaromír & Wang, Qiu-Wang & Varbanov, Petar Sabev & Zeng, Min & Chin, Hon Huin & Lal, Nathan Sanjay & Li, Nian-Qi & Wang, Bohong & Wang, Xue-Chao & Walmsley, Timothy Gordon, 2020. "Heat transfer enhancement, intensification and optimisation in heat exchanger network retrofit and operation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 120(C).
    11. 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).
    12. Tseng, Ming-Lang & Ardaniah, Viqi & Sujanto, Raditia Yudistira & Fujii, Minoru & Lim, Ming K., 2021. "Multicriteria assessment of renewable energy sources under uncertainty: Barriers to adoption," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    13. Ajagekar, Akshay & You, Fengqi, 2024. "Variational quantum circuit based demand response in buildings leveraging a hybrid quantum-classical strategy," Applied Energy, Elsevier, vol. 364(C).
    14. Reinhold Lehneis & Falk Harnisch & Daniela Thrän, 2024. "Electricity Production Landscape of Run-of-River Power Plants in Germany," Resources, MDPI, vol. 13(12), pages 1-12, December.
    15. Wang, Chong & Ju, Ping & Wu, Feng & Lei, Shunbo & Pan, Xueping, 2021. "Sequential steady-state security region-based transmission power system resilience enhancement," Renewable and Sustainable Energy Reviews, Elsevier, vol. 151(C).
    16. Christopher Jung & Dirk Schindler, 2023. "Reasons for the Recent Onshore Wind Capacity Factor Increase," Energies, MDPI, vol. 16(14), pages 1-17, July.
    17. Ahmed Al-Shafei & Hamidreza Zareipour & Yankai Cao, 2022. "High-Performance and Parallel Computing Techniques Review: Applications, Challenges and Potentials to Support Net-Zero Transition of Future Grids," Energies, MDPI, vol. 15(22), pages 1-58, November.
    18. 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).
    19. 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).
    20. Lyu, Wenjing & Liu, Jin, 2021. "Artificial Intelligence and emerging digital technologies in the energy sector," Applied Energy, Elsevier, vol. 303(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.