As in the Drude model, valence electrons are assumed to be completely detached from their ions ("electron gas"). As in an ideal gas, electron-electron interactions are completely neglected (they are weak because of the shielding effect).
The crystal lattice is not explicitly taken into account. A quantum-mechanical justification is given by Bloch's Theorem: an unbound electron moves in a periodic potential as a free electron in vacuum, except for the electron mass m becoming an effective mass m* which may deviate considerably from m (one can even use negative effective mass to describe conduction by electron holes). Effective masses can be derived from band structure computations. While the static lattice does not hinder the motion of the electrons, they can well be scattered by impurities and by phonons; these two interactions determine electrical and thermal conductivity (superconductivity requires more refined theory than the free electron model).
According to the Pauli exclusion principle, each phase space element (Δk)3(Δx)3 can be occupied only by two electrons (one per spin quantum number). This restriction of available electron states is taken into account by Fermi-Dirac statistics (see also Fermi gas). Main predictions of the free-electron model are derived by the Sommerfeld expansion of the Fermi-Dirac occupancy for energies around the Fermi level.
The assumption of electrons that move freely through a periodic potential should be contrasted with the tight-binding model, which uses the opposite simplification of treating the electrons as tightly bound to the atomic cores. (Coulomb interactions between electrons are still neglected.) The predictions of these two complementary models are reassuringly similar. Taking into account the specifities of the potential in a real, three-dimensional crystal lattice leads to more complicated dispersion relations and to band theory. In fact, the Bethe-Sommerfeld theory generalizes the thermodynamics of free-electron systems also in these respects.