HUPX introduces shorter lead time
On June 27, HUPX Hungarian Power Exchange Ltd. will introduce a shorter, 90 minutes lead time as part of its development plan for 2018.
In order to effectively support the evolution of the Hungarian power market it is essential to ensure that trading and delivery are realized the closest possible to each other in time. For this very reason HUPX Ltd. established its Intraday Market (ID) which started its operation on March 9, 2016 with 25 members. By 2018, there were already 31 members on HUPX ID, where year-to-date growth in volumes reached over 90% compared to the same period last year.
HUPX’s main goal for 2018 is to further increase its liquidity which was also helped by the Intraday cross-border capacity allocation available on HU-HR border from March this year. From the 27th of June due to the reduction of the lead time to 90 minutes (which is 30 minutes closer to delivery than the current setup), traded volume again is expected to grow. In the future the exchange operator intends to shorten the lead time on its ID market to 60 minutes.