Continuous growth on HUPX’s intraday market
HUPX’s intraday market has been experiencing significant growth since it went live with XBID, the European Single Intraday Coupling (SIDC) Solution on November 19, 2019. Amount and volume of trades and number of market participants both increased and the Exchange is breaking one all-time record after another.
After going live with XBID, HUPX witnessed an immediate upswing on its ID market as traded volume in the first half an hour was equal to roughly 3 times higher than on a usual trading day before joining XBID. By the end of 2019 total traded volume reached 155,789 MWh which was nearly 3 times higher than in 2018, when 55,109 MWh was traded on the ID market. Moreover, by the end of February 2020, the overall traded volume in 2020 exceeded the total volume of 2019.
With this, growth has been continuous in 2020 and by mid-March traded volume further increased to 195.53 GWh. A new monthly record was also set with 92.78 GWh showing serious progression compared to the 69.46 GWh highest monthly traded volume in 2019 and the 7.69 GWh realized in 2018.
Number of members and trades has also increased since HUPX went live with the intraday coupling project. The exchange’s ID market welcomed three new members since November 2019 and the number of trades reached 57,497 until March 15, 2020 which is more than an 850% increase compared to the same period of last year, when 6,021 trades were conducted.
For further information on our ID market data and trends check out our latest presentation: