How it works
- Useful readings
GO Market Monitoring Report May 2023
GO Market Monitoring Report April 2023
GO Market Monitoring Report March 2023
GO Market Monitoring Report February 2023
GO cost and revenue calculator Excel sheet
Market introduction
GO Presentation with multiple seller model details
HUPX GO Market - For Traders with the introduction of multiple seller model
HUPX launched the multiple seller model on 20 September 2022!
HUPX launched the multiple seller model on 20th September, since than members can buy and sell on the market under the same GO membership.
HUPX introduced the following developments with the go-live of the multiple seller model:
- 5 Order attributes: Preference handling via technology, production month, commission date, country and support type
- Available technologies: Biogas, Biomass, Geothermal, Hydro, Landfill gas, Solar, Waste, Wind and any other EECS compliant technology
- Available countries: Hungary and other AIB countries
- Seller side: Hungarian and other European power plants and GO traders besides MAVIR
- Clearing and settlement: Via HUPX technical GO account and HUPX bank account
- Guarantee system: Guaranteed delivery via collaterals for buyers and sellers
- Auction frequency: Monthly auctions
- Pricing mechanism: Single clearing price set by last winning buy Order
GO cost and revenue calculator Excel sheet
Do you want to sell or purchase GOs via HUPX? Feel free to use our indicative GO calculator Excel sheet in order to estimate potential costs and revenues based on technology, production month, country, price and GO quantity or even installed capacity.
Profitability range based on prices and installed capacity - trading GOs on HUPX
Find more details in the uploaded GO cost and revenue calculator Excel sheet
Disclaimer: HUPX GO calculator Excel sheet is solely for information purposes, which contains analyst opinions and does not necessarily represent the official views of HUPX. The present Excel sheet does not count as financial advice.
Clearing and Settlement with multiple sellers
HUPX, as the operator of the organized GO market is responsible for providing a transparent, non-discriminative and anonym trading environment. In addition, HUPX offers financial clearing and settlement services in order to ensure reliable trading processes.
More information
GO Presentation with multiple seller model details
HUPX GO Market - For Traders with the introduction of multiple seller model
HUPX GO – Primary FiT GO information (MAVIR volumes)
The HUPX GO market started with the single seller model. The Hungarian TSO (MAVIR), as the nominated buyer of Hungarian FiT production is the sole seller of the related guarantees of origins, while buyer side is open to energy traders, end-users and other market participants.
MAVIR partly offers GOs for sale regarding production period before 1st February, 2022. These are Primary FiT non-AIB GOs, which can be traded only by those HUPX GO Members, who own a Registry Account via the registry of MEKH, therefore Registry Account via other AIB Member is not eligible. Yet the Primary FiT GO Products are tradeable by every HUPX GO Member and as MEKH (Supervisory Authority) became an AIB Member from 1st February, 2022, the further and new Primary FiT GOs will be 100% EECS compliant.
HUPX regularly updates its datasheet in order to provide transparency towards market participants regarding Primary FiT GOs to be sold by MAVIR. The dataset includes the anonym list of FiT power plants, aggregated power plant data, technology codes, FiT production volumes and FiT minimum price.
Find more details in the uploaded HUPX GO – Primary FiT GO Market data sheet
Membership of MEKH in the Association of Issuing Bodies (AIB)
In February 2022 the Hungarian Energy and Public Utility Regulatory Authority (HEA) joined the Association of Issuing Bodies (AIB).
Benefits of AIB membership:
- Standardized cross-border GO trading
- PR in green markets
- Faster GO issuing and transferring
- Higher liquidity with international market participants
In Hungary GOs coming from production from 1st February 2022 comply with AIB and EECS rules.
GOs cancelled in Hungary regarding Hungarian power consumption (MWh)
Source: MEKH
Archive
- HUPX-ARGUS workshop - 11 April 2022
The online workshop titled „Shades of Green in Energy Trading” was organized jointly by HUPX Ltd. and Argus Media. The aim of the event was to present the current market landscape and to give information about the characteristics of our new upcoming market.
AGENDA: SHADES OF GREEN IN ENERGY TRADING
What to expect from Guarantees of Origin in the Hungarian energy sector?
HUPX as an emerging force in energy transition
10:00- 10:10 Welcome
Dr. Mátyás Vajta, CEO, HUPX
10:10 -10:35 Role of Central European countries in the European GO market
Ivar Munch Clausen, Chair of the Association of Issuing Bodies (AIB) Board
10:35 -10:50 Hungary and AIB – Changes and new possibilities
Ákos Hamburger, Head of Electricity Supervision and Licensing Department, Hungarian Energy and Utilities Regulatory Agency (MEKH)
10:50-11:05 The brand new HUPX GO Market
György Istvánffy, Director of HUPX Markets, HUPX
11:05-11:25 Guarantees of Origin Market Development and Pricing
Lawrence Templeton, VP/ Business Development Manager - European gas, power and LNG, Argus Media
11:25 – 12:15 Panel discussion: HUPX as an emerging force in energy transition
- Role of exchanges and auctions in the GO market Is price transparency enough?
- What can improve price transparency?
- How does a perfect GO product look like?
- GO preferences, subsidized or unsubsidized?
- Hungarian and regional consumer awareness – what to expect on the demand side
Moderator: Justin Colley, European Electricity Editor, Argus Media
- Filip Strohwasser, Trader, ČEZ,
- A. S. Lu Wang, Senior Trader, STX Group
- Gábor Dénes Szabó, MAVIR (Hungarian Transmission System Operator)
- Gábor Szatmári, Head of Sales, HUPX
12:15 – 12:30 Q&A
PRESENTATIONS
Role of Central European countries in the European GO market - Ivar Munch Clausen, AIB
Hungary and AIB – Changes and new possibilities - Ákos Hamburger, Head of Electricity Supervision and Licensing Department, Hungarian Energy and Utilities Regulatory Agency (MEKH)
The brand new HUPX GO Market - György Istvánffy, Director of HUPX Markets, HUPX
Guarantees of Origin Market Development and Pricing - Lawrence Templeton, VP/ Business Development Manager - European gas, power and LNG, Argus Media
Recordings of the event:
Privacy Policy for Workshop participants