HUPX Performance in August

49,342 MWh electricity was traded in August in the Hungarian Power Exchange. The average daily trade is 1,592 MWh, the standard deviation is 992 MWh. The average price for the month is 80.8 EUR/MWh. The exceptionally high average price was caused by August 16 on which the daily base price was 1,148 EUR/MWh and daily peak price was 2,260 EUR/MWh. That was due to the fact that between 9 am and 6 pm 879 MWh electricity was traded near the maximum price the system would allow (3,000 EUR/MWh).

Hungarian Power Exchange Went Live

The new Hungarian power exchange, HUPX went live on 20 July. As the transaction clearing have not went under a serious stress test yet, the volumes and liquidity is modest. However, it is likely that HUPX will draw volumes from the Prague-based PXE, whose small Hungary section is competing for the same traffic.



The Hungarian power market, like many European markets, is still largely an OTC market. Since demand for power dropped sharply in 2008-2009, the prices follow the EEX prices, which becomes more and more a benchmark for all Central European power markets.