BALÁZS FELSMANN, economist, chairman of the Hungarian Energy Traders’ Association (HETA). As a researcher, consultant and former state officer he has wide range of experiences on the institutional and competitive framework of the utility industries. As a former state secretary he participated in the preparation of several policy documents including the new Energy Policy of Hungary (2007-2020), the Strategy for Increasing the Share of Renewable Energy Sources (2008-2020) and various major pieces of the legislation regarding electricity, natural gas, energy efficiency and renewables. As a consultant Mr Felsmann has worked on various projects on the field of energy sector for governmental organisations, NGOs, market leading industrial companies and international financial institutes. He actively participates in the work of various scientific and business organisations of the utility area and on national and international conferences regarding energy policy and utility management topics.