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.