Energy Business Motion

HUPX’s operation ensured in the current pandemic situation


HUPX’s operation ensured in the current pandemic situation.

With its operation HUPX Hungarian Power Exchange Ltd. largely contributes to the Hungarian electricity market, thus effecting the efficiency of total domestic economic production and the moderation of the electricity consumer price. About half of the annual amount of the domestic power consumption is traded on HUPX's markets, hence the Company’s role is crucial in the security of Hungary’s energy supply. Fully aware of this responsibility, HUPX’s management introduced adequate measures to ensure the exchange’s continous operation in the current pandemic situation caused by the new coronavirus (SARS-CoV-2), also known as COVID-19 .

In order to continue carrying out its tasks without interruption, having in mind the safety of its employees and its clients, HUPX Group has implemented a pandemic action plan in line and in cooperation with its parent company, the Hungarian TSO, MAVIR Ltd. According to the action plan, from March 13, 2020, the HUPX Group 's employees execute their tasks mainly remotely.

The continuous operation of HUPX’s markets is fully ensured, the daily tasks are carried out with the usual fluency by all the departments of the Company, and communication with the clients is done through the regular communication channels. The service providers of the Exchange have also ensured smooth running of their businesses and their services are fully available to HUPX and its partners.