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Hungary - HUPX Market

Hungary - HUPX Market

Scientifically-backed forecasts for a sustainable energy transition

Iglesia de Matías, Budapest

Hungary’s electricity market is operated by HUPX (Hungarian Power Exchange), which began operations in 2010 as part of the country’s electricity sector liberalization and modernization. HUPX manages the day-ahead, intraday, and forward markets, and has been fully integrated into the Single Day-Ahead Coupling (SDAC) since 2015 and the Single Intraday Coupling (SIDC) since 2019, allowing for its efficient connection with the main European electricity markets.

The transmission system operator in Hungary is MAVIR, responsible for balancing the electricity system and developing the transmission network.

The Hungarian generation mix includes a strong presence of nuclear energy, alongside natural gas, coal, and a steady growth of renewable energies, especially solar photovoltaic.

In the coming years, the Hungarian electricity system will face significant transformations to align with European climate objectives:

  • Hungary has committed to significantly increasing the share of renewable energies, with a strong focus on solar photovoltaic, which already accounts for a growing portion of its generation.
  • The Paks nuclear power station, which provides nearly half of the country's electricity generation, will be expanded with two new reactors (Paks II) to ensure a long-term, low-emissions electricity supply.
  • Energy storage solutions, system flexibility improvements, and grid digitalization projects are being developed.
  • HUPX is boosting the liquidity and transparency of the Hungarian electricity market, facilitating the participation of new players and promoting regional integration.
For 27 years, AleaSoft has been providing services for European electricity markets, including Hungary. We provide energy price forecasting, energy demand forecasting, renewable generation forecasting and other key indicators, tailored to the needs of generators, electricity suppliers, traders, investors and system operators.
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