BEGIN:VCALENDAR VERSION:2.0 PRODID:IEEE vTools.Events//EN CALSCALE:GREGORIAN BEGIN:VTIMEZONE TZID:Europe/Budapest BEGIN:DAYLIGHT DTSTART:20250330T030000 TZOFFSETFROM:+0100 TZOFFSETTO:+0200 RRULE:FREQ=YEARLY;BYDAY=-1SU;BYMONTH=3 TZNAME:CEST END:DAYLIGHT BEGIN:STANDARD DTSTART:20251026T020000 TZOFFSETFROM:+0200 TZOFFSETTO:+0100 RRULE:FREQ=YEARLY;BYDAY=-1SU;BYMONTH=10 TZNAME:CET END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTAMP:20251201T101950Z UID:1A888AAC-8F7E-4290-9C3C-64B2F34AAA24 DTSTART;TZID=Europe/Budapest:20251014T181500 DTEND;TZID=Europe/Budapest:20251014T194500 DESCRIPTION:The first internal lecture of the semester was given by a repre sentative of HUPX\, who provided insight into the fundamentals of the ener gy market. The presentation began with a detailed overview of the developm ent of the European energy sector over the past 30 years\, focusing on the "energy packages" that shaped the process. We reviewed the establishment of the internal energy market\, the unbundling of monopolies\, and the int roduction of new European climate‑policy objectives.\n\nThanks to this\, we gained a comprehensive picture of the main aims of the energy packages : increasing competitiveness\, strengthening security of supply\, improvin g energy efficiency\, and ensuring the effective protection of consumer in terests. In light of all this\, the conclusion was drawn that deregulation would be needed in order for Europe to once again become a leading player in the energy sector by easing regulatory burdens.\n\nNext\, we examined the key participants of the energy market\, with special attention to acto rs that have emerged in recent years. After this\, the lecture turned to t he process and rules of energy trading. Although initially a somewhat drie r topic\, we then explored energy‑market contracts\, briefly reviewing v arious contract types\, indicating which are recommended for different con sumer groups and situations\, and what risks may arise for both consumers and producers in the trading process.\n\nAt this point we were introduced to a closely related institution\, ECC (the clearing house)\, and its func tions. Acting as a central counterparty between buyers and sellers\, ECC g uarantees financial settlement and delivery\, while aiming to eliminate co unterparty risk. The pre‑trade financial limits applied in DAM\, IDC\, a nd IDA markets\, as well as their operation\, were also discussed.\n\nSinc e these topics are closely connected to HUPX activity\, we then examined i n detail the functioning of auction markets\, the different trading timefr ames\, and how individual markets are interconnected.\n\nFinally\, the lec ture concluded with an outlook on the future of energy markets\, where fle xibility\, PPAs (Power Purchase Agreements)\, and GOs (Guarantees of Origi n) will play an increasingly significant role — the latter of which we w ill learn about in more detail in the next internal lecture.\n\n[]\n\nSpea ker(s): László Pintér\n\nBldg: V1 Building\, Egry József u. 18\, Budap est\, Budapest Fovaros\, Hungary\, 1111 LOCATION:Bldg: V1 Building\, Egry József u. 18\, Budapest\, Budapest Fovar os\, Hungary\, 1111 ORGANIZER:zsofia.bango@ieee.org SEQUENCE:23 SUMMARY:Internal Course: HUPX Energy market 1. URL;VALUE=URI:https://events.vtools.ieee.org/m/519087 X-ALT-DESC:Description: <br /><p dir="ltr">The first internal lecture of th e semester was given by a representative of HUPX\, who provided insight in to the fundamentals of the energy market. The presentation began with a de tailed overview of the development of the European energy sector over the past 30 years\, focusing on the "energy packages" that shaped the process. We reviewed the establishment of the internal energy market\, the unbundl ing of monopolies\, and the introduction of new European climate‑policy objectives.</p>\n<p dir="ltr">Thanks to this\, we gained a comprehensive p icture of the main aims of the energy packages: increasing competitiveness \, strengthening security of supply\, improving energy efficiency\, and en suring the effective protection of consumer interests. In light of all thi s\, the conclusion was drawn that deregulation would be needed in order fo r Europe to once again become a leading player in the energy sector by eas ing regulatory burdens.</p>\n<p dir="ltr">Next\, we examined the key parti cipants of the energy market\, with special attention to actors that have emerged in recent years. After this\, the lecture turned to the process an d rules of energy trading. Although initially a somewhat drier topic\, we then explored energy‑market contracts\, briefly reviewing various contra ct types\, indicating which are recommended for different consumer groups and situations\, and what risks may arise for both consumers and producers in the trading process.</p>\n<p dir="ltr">At this point we were introduce d to a closely related institution\, ECC (the clearing house)\, and its fu nctions. Acting as a central counterparty between buyers and sellers\, ECC guarantees financial settlement and delivery\, while aiming to eliminate counterparty risk. The pre‑trade financial limits applied in DAM\, IDC\, and IDA markets\, as well as their operation\, were also discussed.</p>\n <p dir="ltr">Since these topics are closely connected to HUPX activity\, w e then examined in detail the functioning of auction markets\, the differe nt trading timeframes\, and how individual markets are interconnected.</p> \n<p dir="ltr">Finally\, the lecture concluded with an outlook on the futu re of energy markets\, where flexibility\, PPAs (Power Purchase Agreements )\, and GOs (Guarantees of Origin) will play an increasingly significant r ole &mdash\; the latter of which we will learn about in more detail in the next internal lecture.</p>\n<p><img src="https://events.vtools.ieee.org/v tools_ui/media/display/0f286985-c36d-4b2d-9a57-becc1548436b" alt="" width= "1024" height="576"></p> END:VEVENT END:VCALENDAR