HUPX

Energy Business Motion

HUPX IDA Product specification

Planned go-live: Q2 2024 

General information
Trading procedures 3 auctions/day
Trading days year-round
Underlying Electrical power transiting over the Hungarian Transmission System  managed by MAVIR Ltd. (the Hungarian TSO), which defines the voltage, frequency, cosine φ (displacement factor) and cut-off frequencies, in compliance with the regulations of the Grid Code of the Hungarian Electricity System.
Delivery Delivery at any injection or withdrawal point on the Hungarian Transmission System
Delivery procedure (Nomination) Nomination by the Clearing House (on behalf of HUPX) and by the Balance Group Responsible of the HUPX Member to the TSO on the basis of the regulations of the TSO Commercial Code.
Clearing and Settlement Trade information transmitted by HUPX to the Central Counterparty, ECC AG for Settlement and Delivery of the Contracts
Trading procedure 3 daily Auction
Trading days Year-round
Delivery unit 15 minutes
Start of trading Q2 2024
Tradable contracts (Expiries)

In case of IDA 1 & IDA 2:

1 quarter-hour of the day, altogether 96 quarter-hours

Quarter-hour 01: the period between midnight and 00:15 am

Quarter-hour 02: the period between 00:15 am and 00:30 am, and so on and so forth

Quarter-hour 96: the period between 23:45 pm and midnight

In case of IDA 3:

1 quarter-hour of the day, altogether 48 quarter-hours

Quarter-hour 01: the period between 12:00 and 12:15 am

Quarter-hour 02: the period between 12:15 am and 12:30 am, and so on and so forth

Quarter-hour 48: the period between 23:45 pm and midnight

Order types

a) Linear (quarter-hour) Order;

b) Block Order (simple, linked, exclusive)