HUPX Hungarian Power Exchange


HUPX Hungarian Power Exchange Ltd.

The Day-ahead Power Market was launched in July 2010 as part of the liberalization of the Hungarian energy sector.

Markets and Products

HUPX Intraday Market enables Members to trade 15 minute intraday products on the Hungarian Power Exchange. An organized Intraday Market provides more opportunities for market players to reduce their need for imbalance energy, to optimize power generation closer in time to delivery and it is also appropriate for managing forecast errors or unforeseen power plant outages.
HUPX is also offering physically settled futures trading. This Market provides weekly, monthly, quarterly and yearly baseload/peakload contracts. Since the fourth quarter of 2015 initiator transaction fee was reduced to 0 EUR/MWh, which contributed to a significant boost in the liquidity. The traded volumes jumped from 3 627,3 GWh in 2014 to 6 485,6 GWh in 2015. In 1 January 2016 HUPX PHF listed 31 members. In addition to the settlement of transactions concluded on the exchange, OTC transactions can be registered as well.

Market Coupling

4M MC is an ATC based day-ahead implicit allocation process striving on the compatibility with the EU Target Model while taking into account the fact that 4M solution is to be considered as an interim step before the Central Eastern European regional solution. The primary target of the market coupling is to assure a deeper integration of regional power markets. The process aims at maximizing the energy flow from the low price area to the high price area by taking into account the available cross-border capacity. Consequently, price levels among the individual market areas converge. By this procedure, not only the security of supply can be increased but the price volatility on relevant power markets can be moderated and the power sale and purchase can become more effective.
The Czech, Slovak, Hungarian and Romanian NRAs, TSOs and PXs jointly implemented the on 19 November 2014 based on PCR solution.

Type of HUPX Members

According to the prevailing regulations of the , there are six types of entities that can become HUPX Members on HUPX: