IP Systems
IP Systems Ltd. is a consultancy and IT solution provider specialized for the liberalized European energy market. Its applications support the whole energy trading process from forecasting and nomination to allocation and accounting.
| Type | Limited company |
|---|---|
| Industry | Energy industry, Software industry |
| Founded | 2008 |
| Headquarters | Budapest, Hungary |
Key people | Ákos Füzi, CEO |
| Products | See complete products listing. |
Number of employees | above 50 |
| Website | www.ipsystems.hu |
History
IP Systems was set up in 2008. In 2011 the company has started its international growth too.[1]
International participation
- Gas Balancing-IP introduced in 2012 on the 4th Energy Trading Week was recommended for the use on regional level, furthermore in a unique way besides FGSZ Natural Gas Transmission Closed Company Limited, IP Systems was also invited by ENTSOG to the working group to help developing the European natural gas balancing model.[2]
Products
- TSO-IP: supports the every day business practice for all actors in the gas market such as managing capacity allocation, shipping duty nomination, and matching, and accounting.
- Trading-IP: designed for energy traders, the balancing groups' responsible members, business customers and partners. It supports contract and capacity management, nomination, allocation etc.
- Storage-IP: supports the operation of gas storages. Its functionality mainly covers all business processes of storages’ operation, ensuring all legal and regulatory compliances.
- Gas Balancing-IP: helps the operation of a flexible daily market and to assist to maintain trade balance. Supporting activities such as D-1 day, intra-day and daily capacity trading, trading with HEG and HEGO etc.
- Booking-IP: helps the market participants to acquire the necessary amount of capacity via consequent auctions.
- Energy Market Analyzer-IP: is a software for identifying and supporting business development opportunities in the energy branch.
Awards and appreciations
- Gas Balancing-IP won the ’ICT project of the year’ award of the IVSZ ICT Association of Hungary and National Innovation Office in 2012.[3]
References
- Company history – IP Systems’ homepage
- Hungarian success: a gas trade systems developed by a Hungarian company is the European example – Világgazdaság Online, 4 June 2012
- ICT project of the year: the common development of IP Systems and FGSZ Archived 20 September 2012 at the Wayback Machine – Computerworld, 9 July 2012.
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