BEGIN:VCALENDAR VERSION:2.0 PRODID:IEEE vTools.Events//EN CALSCALE:GREGORIAN BEGIN:VTIMEZONE TZID:Europe/Budapest BEGIN:DAYLIGHT DTSTART:20230326T030000 TZOFFSETFROM:+0100 TZOFFSETTO:+0200 RRULE:FREQ=YEARLY;BYDAY=-1SU;BYMONTH=3 TZNAME:CEST END:DAYLIGHT BEGIN:STANDARD DTSTART:20221030T020000 TZOFFSETFROM:+0200 TZOFFSETTO:+0100 RRULE:FREQ=YEARLY;BYDAY=-1SU;BYMONTH=10 TZNAME:CET END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTAMP:20230412T100901Z UID:38FDE15B-FE85-4F41-93B0-8515412536FB DTSTART;TZID=Europe/Budapest:20230323T181500 DTEND;TZID=Europe/Budapest:20230323T194500 DESCRIPTION:The third lecture of the János Neumann Memorial Semester of th e BUTE SBC was given by Ákos Füzi\, founder and CEO of Navitasoft Zrt. B ased on his personal experience\, he presented the process of energy prici ng and its relationship with engineering\, energy markets\, the future rol e of green energy\, and the relationship between measurement and business. \n\nIn the first part of the presentation\, we heard a brief general overv iew of energy pricing and the factors that influence it. In recent years\, the demand for electricity has been negatively affected by the Russo-Ukra inian war and the pandemic\, while the rise of electric transport and heat pumps have had the opposite effect.\n\nÁkos Füzi said that system regul ation is a major challenge for the European network. He highlighted that i t is not simply a question of spectrum management\, but also of commercial balancing. The green energy sector can grow as long as we can maintain th e system\, as far as the physical balance is concerned (also on low and me dium voltage systems)\, which also requires supporting business models.\n\ nElectricity is a product with huge business potential and a constant chal lenge for professionals. Engineers are fundamentally linked to this subjec t: they are responsible for managing energy production\, monitoring the ba lance and troubleshooting problems\, and designing and operating energy-co nsuming systems.\n\nNowadays\, not only technical but also economic issues have reached the field of engineering\, as the majority of the market is run by software solutions. In addition\, metrology also has a significant role to play in this area\, as it aims to control and balance as well as t o account. We have learned that in a one-way system\, the most credible re sults can be provided by the transmitter.\n\nWe have reviewed the digitiza tion of the energy market over the last 25 years\, according to the follow ing structure: digitalization\, decentralization\, democratization. The fi rst step of digitalization was the emergence of Third-Party Access\, follo wed by scheduling\, allocation and the launch of digital energy markets. D ecentralization has raised many problems and the issue of grid connection has challenged (and continues to challenge) the system. This was followed by democratization\, the rise of virtual power plants and aggregators\, an d today the issue of P2P and B2C trading is still relevant.\n\nThe last pa rt of the presentation was about a new cloud-based service to help the ele ctricity system\, a self-service marketplace platform that provides local flexibility\, where settlement is market-based and time-based.\n\nSpeaker( s): Ákos Füzi\, \n\nRoom: BF13\, Bldg: Q\, Magyar Tudósok Körútja 2.\ , Budapest\, Budapest Fovaros\, Hungary\, 1117 LOCATION:Room: BF13\, Bldg: Q\, Magyar Tudósok Körútja 2.\, Budapest\, B udapest Fovaros\, Hungary\, 1117 ORGANIZER:laszlo.szekely@ieee.org SEQUENCE:0 SUMMARY:Energy Market of Things URL;VALUE=URI:https://events.vtools.ieee.org/m/357047 X-ALT-DESC:Description: <br /><p><span style="font-weight: 400\;">The third lecture of the J&aacute\;nos Neumann Memorial Semester of the BUTE SBC wa s given by &Aacute\;kos F&uuml\;zi\, founder and CEO of Navitasoft Zrt. Ba sed on his personal experience\, he presented the process of energy pricin g and its relationship with engineering\, energy markets\, the future role of green energy\, and the relationship between measurement and business.< /span></p>\n<p><span style="font-weight: 400\;">In the first part of the p resentation\, we heard a brief general overview of energy pricing and the factors that influence it. In recent years\, the demand for electricity ha s been negatively affected by the Russo-Ukrainian war and the pandemic\, w hile the rise of electric transport and heat pumps have had the opposite e ffect.</span></p>\n<p><span style="font-weight: 400\;">&Aacute\;kos F&uuml \;zi said that system regulation is a major challenge for the European net work. He highlighted that it is not simply a question of spectrum manageme nt\, but also of commercial balancing. The green energy sector can grow as long as we can maintain the system\, as far as the physical balance is co ncerned (also on low and medium voltage systems)\, which also requires sup porting business models.</span></p>\n<p><span style="font-weight: 400\;">E lectricity is a product with huge business potential and a constant challe nge for professionals. Engineers are fundamentally linked to this subject: they are responsible for managing energy production\, monitoring the bala nce and troubleshooting problems\, and designing and operating energy-cons uming systems.</span></p>\n<p><span style="font-weight: 400\;">Nowadays\, not only technical but also economic issues have reached the field of engi neering\, as the majority of the market is run by software solutions. In a ddition\, metrology also has a significant role to play in this area\, as it aims to control and balance as well as to account. We have learned that in a one-way system\, the most credible results can be provided by the tr ansmitter.</span></p>\n<p><span style="font-weight: 400\;">We have reviewe d the digitization of the energy market over the last 25 years\, according to the following structure: digitalization\, decentralization\, democrati zation. The first step of digitalization was the emergence of Third-Party Access\, followed by scheduling\, allocation and the launch of digital ene rgy markets. Decentralization has raised many problems and the issue of gr id connection has challenged (and continues to challenge) the system. This was followed by democratization\, the rise of virtual power plants and ag gregators\, and today the issue of P2P and B2C trading is still relevant.< /span></p>\n<p><span style="font-weight: 400\;">The last part of the prese ntation was about a new cloud-based service to help the electricity system \, a self-service marketplace platform that provides local flexibility\, w here settlement is market-based and time-based.</span></p> END:VEVENT END:VCALENDAR