HUPX

Energy Business Motion

Official information

As an important part of the energy market liberalization in Hungary, in 2010 MAVIR, the Hungarian TSO has established its subsidiary, the Hungarian Power Exchange Company Limited by Shares. HUPX Ltd. is the operator of the organized Hungarian electricity market with leading position in Central and Eastern Europe. Through its regulation and adopted trading framework, it promotes the liquidity of the Hungarian energy market, and on regional level supports the flow of the working capital in the sector.

The core activity of HUPX – providing reference price and exchange trading platform - is effectively contributing to the development of the Hungarian electricity market. For the development of the market, it is important that the largest part of the electricity trading happens through the security system of the organized exchange. In order to do this, there is a need for adequate legal background, transparent conditions, unified access for all participants, and efficient use of resources, as well as value-for-money transaction costs and clear settlement prices as a reference price.

The transparent, unified market mechanisms and liberalized market operations serve the security of domestic energy supply, the cost-effectiveness of trade and the boom in electricity industry developments and investments. The organized electricity market operated by HUPX Ltd. contributes to the efficiency of total domestic production and to the moderation of electricity consumer price.

HUPX DAM (Day-ahead market)

On HUPX DAM (day-ahead market) standard hourly and block day-ahead electricity products can be traded.

The day-ahead market of HUPX is taking part in the 4 market coupling (4M MC).  Czech, Slovak, Hungarian and Romanian National Regulatory Authorities, Transmission System Operators and Organized Electricity Market Operators have established the PCR-based expansion of Czechoslovakian-Hungarian next-day electricity market with Romania on 19 November 2014.

4M MC is a day-ahead implicit allocation method based on ATC (available transfer capacity) that seeks to maximize compatibility with the EU target model, while the 4M solution can be considered as an intermediate step in the Central-Eastern European and later "Core" regional solution.

HUPX ID (Intraday market)

In order to further develop the Hungarian electricity market, it is essential to ensure that trading and delivery are realized the closest possible to each other in time. In recognition of this, HUPX has established the new Intraday Market ID, which has started its operation on 9 March 2019. The purpose of the Intraday Market is to provide a reliable, modern and future-oriented service that will thus be able to integrate into the XBID project (cross-border intraday). HUPX is expected to join XBID in the second quarter of 2019, a solution defined as a target model for an intraday connection to the market

Name of the company  HUPX Magyar Szervezett Villamosenergia-piac Zártkörűen Működő Részvénytársaság
Abbreviated name of the company HUPX Zrt
Foreign language name and foreingn language abbreviated name of the company HUPX Hungarian Power Exchange Company Limited by Shares, HUPX Ltd.
Registered seat of the company HU-1134 Budapest, Dévai u. 26-28.
Mailing address of the company HU-1134 Budapest, Dévai u. 26-28.
Company registration number

01-10-045666

Held at the Municipal Court as Court of Registration

Statistical number of the company 13967808-3514-114-01
Tax number of the company 13967808-2-41
Community tax number HU13967808
Name of the HUPXIDM Balance Circle HUPX-ID-BC
HUPXIDM EIC code 15X-HUPX-ID----A
Name of the HUPXDAM Balance Circle HUPX-BC
HUPXDAM EIC code 15X-HUPX-------5

Contact

For further information please contact us by e-mail or telephone:

E-mail:       info@hupx.hu
Telephone:  (+36) 1 304 1090
Mailing address: 1134 Budapest Dévai utca 26-28.
Walk in office 1134 Budapest Dévai utca 26-28.
Opening hours (according to Hungarian time): 08:00 - 17:00