Energy Market of Things
The third lecture of the János Neumann Memorial Semester of the BUTE SBC was given by Ákos Füzi, founder and CEO of Navitasoft Zrt. Based on his personal experience, he presented the process of energy pricing and its relationship with engineering, energy markets, the future role of green energy, and the relationship between measurement and business.
In the first part of the presentation, we heard a brief general overview of energy pricing and the factors that influence it. In recent years, the demand for electricity has been negatively affected by the Russo-Ukrainian war and the pandemic, while the rise of electric transport and heat pumps have had the opposite effect.
Ákos Füzi said that system regulation is a major challenge for the European network. He highlighted that it 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 the system, as far as the physical balance is concerned (also on low and medium voltage systems), which also requires supporting business models.
Electricity is a product with huge business potential and a constant challenge for professionals. Engineers are fundamentally linked to this subject: they are responsible for managing energy production, monitoring the balance and troubleshooting problems, and designing and operating energy-consuming systems.
Nowadays, 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 to account. We have learned that in a one-way system, the most credible results can be provided by the transmitter.
We have reviewed the digitization of the energy market over the last 25 years, according to the following structure: digitalization, decentralization, democratization. The first step of digitalization was the emergence of Third-Party Access, followed by scheduling, allocation and the launch of digital energy markets. Decentralization 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, and today the issue of P2P and B2C trading is still relevant.
The last part of the presentation was about a new cloud-based service to help the electricity system, a self-service marketplace platform that provides local flexibility, where settlement is market-based and time-based.
Date and Time
Location
Hosts
Registration
-
Add Event to Calendar
- Magyar Tudósok Körútja 2.
- Budapest, Budapest Fovaros
- Hungary 1117
- Building: Q
- Room Number: BF13
Speakers
Ákos Füzi of Navitasoft Zrt.
Biography:
Ákos Füzi, the founder and CEO of Navitasoft Zrt., received the 1st prize of the OTDK at the Faculty of Electrical Engineering of BME with a distributed intelligence system. He then started his career at Richter Gedeon Plc. in 1994, while studying Management and Leadership at Corvinus University. He later obtained a degree in Energy Specialist at the same institution.
He has been involved in energy IT since 2005 and has applied his knowledge abroad over the years, working in Japan and China, among other countries. He founded his energy business software company Navitasoft Zrt. under the name IP Systems Kft. in 2008.