Energy Business Motion

The first pan-European GO market has been launched by HUPX


The first multiple seller auction is organized today

On 20 September 2022, HUPX Ltd. organizes the first guarantees of origin auction in Europe, where all market participants active in any AIB member have the opportunity to sell GOs.

HUPX Ltd. launched Hungary's first organized guarantee of origin market on June 14, 2022. The primer role of the new organized and transparent marketplace is to complement the already existing bilateral transactions in Hungary and to provide proper price signals regarding guarantees of origins, which will support the development of the Hungarian power market and the integration of renewables.

During auctions held in June, the nominated buyer of Hungarian FiT production, MAVIR ZRt. was the sole selleron the supply side, while 20 buyers were standing on the demand side of the market. As of the auction held on 20 September the supply side has been extended, which means that all members - currently counting 27 – have the option to sell their GOs on HUPX’s marketplace. With the multiple seller model development, HUPX Ltd. created the pan-European trading opportunity of guarantees of origin for the first time on the continent. The range of available technologies includes  volumes produced from solar and wind power plants, as well as biogas, geothermal energy, hydropower, landfill gas and waste.

The results of the auction will be published on the website of HUPX at 16:00 CEST today.

More information about our Guarantees of Origin market can be found here: About the GO market - HUPX