HUPX 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.

Since the fourth quarter of 2015 initiator transaction fee was reduced to 0 EUR/MWh, which contributed to a significant boost in the liquidity.

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 (“CEE”) regional solution.

The Czech, Slovak, Hungarian and Romanian NRAs, TSOs and PXs jointly implemented the extension of CZ-SK-HU market coupling to Romanian day-ahead electricity market (4M MC)] on 19 November 2014 based on PCR solution.

[1] According to the prevailing regulations of the Hungarian Electric Energy Act, there are six types of entities that can become HUPX members: