[vc_row][vc_column][vc_empty_space height=”50px”][vc_row_inner][vc_column_inner width=”1/2″][ultimate_info_table design_style=”design02″ color_scheme=”custom” color_bg_main=”#ffffff” color_txt_main=”#003262″ color_bg_highlight=”#d3d3d3″ package_heading=”HUPX” package_sub_heading=”Hungarian Power Exchange” icon_type=”custom” icon_img=”1420″ img_width=”200″ heading_font_color=”#003262″ subheading_font_color=”#003262″ el_class=”info-table” heading_font_size=”desktop:36px;” subheading_font_size=”desktop:24px;” heading_font_family=”font_family:Roboto|font_call:Roboto|variant:500″ heading_font_style=”font-weight:500;” subheading_font_family=”font_family:Roboto|font_call:Roboto|variant:300″ subheading_font_style=”font-weight:300;” features_font_family=”font_family:Roboto|font_call:Roboto”]

Headquarters:Dévai utca 26-28, 1134 Budapest, Hungary
Location(s):Budapest, Hungary
Date of foundation:9 May 2007
CEO:

Dr. Mátyás Vajta

Traded commodities and traded volumes in 2019:Day-Ahead Market:

22,243.44 GWh

 

Intraday Market:

155,788.925 MWh

Current number of employees (March 2020):35
Annual report(s)https://hupx.hu/en/
Websitehupx.hu

[/ultimate_info_table][/vc_column_inner][vc_column_inner width=”1/2″][vc_custom_heading text=”About” font_container=”tag:h3|text_align:center” use_theme_fonts=”yes”][vc_column_text]As an important part of the energy market liberalization in Hungary, the national TSO MAVIR has established the Hungarian Power Exchange, Company Limited by Shares, as it subsidiary in 2010. HUPX Ltd. is the operator of the organized Hungarian spot power market with leading position in Central and Eastern Europe. HUPX is licenced as a NEMO (Nominated Electricity Market Operator) by the National Regulatory Authority of Hungary (MEKH).

Through its regulation and adopted trading framework, it promotes the liquidity of the Hungarian energy market, and on regional level supports the flow of the working capital in the sector. The core activity of HUPX – providing reference price and exchange trading platform – is effectively contributing to the development of the Hungarian electricity market. For the development of the market, it is important that the largest part of the electricity trading happens through the secure system of the organized exchange. In order to do this, there is a need for adequate legal background, transparent conditions, unified access for all participants, and efficient use of resources, as well as value-for-money transaction costs and clear settlement prices as a reference price.

The transparent, unified market mechanisms and liberalized market operations serve the security of domestic energy supply, the cost-effectiveness of trade and the boom in electricity industry developments and investments. The organized electricity market operated by HUPX Ltd. contributes to the efficiency of total domestic production and to the moderation of the electricity prices for consumers.

On HUPX DAM (day-ahead market) standard hourly and block day-ahead electricity products can be traded. The day-ahead market of HUPX is taking part in the market coupling (4M MC) between  Czech, Slovak, Hungarian and Romanian markets.

4M MC is a day-ahead implicit allocation method based on ATC (Available Transfer Capacity) that seeks to maximize compatibility with the EU target model, while the 4M solution can be considered as an intermediate step in the Central-Eastern European and later “Core” regional solution.

In order to further develop the Hungarian electricity market, it is essential to ensure that trading and delivery are realized the closest possible to the execution. In recognition of this, HUPX has established the Intraday Market IDM, which has started its operation on 9 March 2016.[/vc_column_text][ultimate_modal modal_title=”About HUPX” btn_bg_color=”#9e9e9e” modal_on_align=”right” btn_text=”More” overlay_bg_opacity=”80″]As an important part of the energy market liberalization in Hungary, the national TSO MAVIR has established the Hungarian Power Exchange, Company Limited by Shares, as it subsidiary in 2010. HUPX Ltd. is the operator of the organized Hungarian spot power market with leading position in Central and Eastern Europe. HUPX is licenced as a NEMO (Nominated Electricity Market Operator) by the National Regulatory Authority of Hungary (MEKH).

Through its regulation and adopted trading framework, it promotes the liquidity of the Hungarian energy market, and on regional level supports the flow of the working capital in the sector. The core activity of HUPX – providing reference price and exchange trading platform – is effectively contributing to the development of the Hungarian electricity market. For the development of the market, it is important that the largest part of the electricity trading happens through the secure system of the organized exchange. In order to do this, there is a need for adequate legal background, transparent conditions, unified access for all participants, and efficient use of resources, as well as value-for-money transaction costs and clear settlement prices as a reference price.

The transparent, unified market mechanisms and liberalized market operations serve the security of domestic energy supply, the cost-effectiveness of trade and the boom in electricity industry developments and investments. The organized electricity market operated by HUPX Ltd. contributes to the efficiency of total domestic production and to the moderation of the electricity prices for consumers.

On HUPX DAM (day-ahead market) standard hourly and block day-ahead electricity products can be traded. The day-ahead market of HUPX is taking part in the market coupling (4M MC) between  Czech, Slovak, Hungarian and Romanian markets.

4M MC is a day-ahead implicit allocation method based on ATC (Available Transfer Capacity) that seeks to maximize compatibility with the EU target model, while the 4M solution can be considered as an intermediate step in the Central-Eastern European and later “Core” regional solution.

In order to further develop the Hungarian electricity market, it is essential to ensure that trading and delivery are realized the closest possible to the execution. In recognition of this, HUPX has established the Intraday Market IDM, which has started its operation on 9 March 2016.

To increase the efficiency of the intraday trading, HUPX joined the XBID project and went live with the European Single Intraday Coupling (SIDC) on 19th of November 2019. This resulted in an immediate significant increase in HUPX’s intraday volumes since the generated trading volume in the first half an hour was already equal to roughly 3 times higher than on a usual trading day on the IDM before joining XBID.[/ultimate_modal][/vc_column_inner][/vc_row_inner][vc_empty_space height=”50px”][vc_separator][vc_row_inner][vc_column_inner width=”1/2″][vc_custom_heading text=”Member of the Europex General Assembly” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes”][vc_custom_heading text=”Dr. Mátyás Vajta, CEO ” font_container=”tag:h4|text_align:left” use_theme_fonts=”yes”][vc_single_image image=”6442″ img_size=”medium”][ultimate_modal modal_title=”CV Dr. Mátyás Vajta” btn_bg_color=”#9e9e9e” modal_on_align=”left” btn_text=”View CV” overlay_bg_opacity=”80″]

Dr. Mátyás Vajta, CEO of HUPX, graduated as a lawyer from Catholic University of Péter Pázmány and as a lawyer-economist from Budapest University of Technology and Economics. His career at HUPX started ten years ago in 2010, when Mr. Vajta became the Head of Market Surveillance and Back Office at the newly founded Hungarian Power Exchange, where he worked for two and a half years. He continued his professional path in the field of energy by working in the Hungarian Transmission System Operator – MAVIR Ltd. from 2013. At MAVIR, he fulfilled important positions as the Head of Department of Renewable Energy Sources and Director of Market Operations. In 2018, he was the CEO of KOM Central Smart Metering Ltd., a subsidiary of MAVIR Ltd.

During the past decade, Mr. Vajta took part in several electricity market related projects. As one of the first employees in HUPX, he played an important role in building HUPX Ltd. as a company and was part of the implementation of the day-ahead and physical futures markets of the PX. He was also involved in the creation of the CZ-SK-HU and 4M market couplings, and the XBID LIP15 project. Being the Director of Market Operations he represented MAVIR in numerous international projects such as the Single Day-Ahead Coupling (SDAC), the Single Intraday Coupling (SIDC), the Core Capacity Calculation Region, the Core Flow-based Market Coupling project, the DE-AT-PL-4MMC (“Interim Coupling”) project and actively participated in several working groups of ENTSO-E.

[/ultimate_modal][/vc_column_inner][vc_column_inner width=”1/2″][vc_custom_heading text=”Europex contact person” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes”][vc_custom_heading text=”Dijana Martinčić, Head of Sales” font_container=”tag:h4|text_align:left” use_theme_fonts=”yes”][ultimate_icon_list icon_size=”24″ icon_margin=”15″][ultimate_icon_list_item icon=”Defaults-envelope-o” icon_color=”#003262″]martincic@hupx.hu[/ultimate_icon_list_item][/ultimate_icon_list][/vc_column_inner][/vc_row_inner][vc_empty_space height=”50px”][vc_separator][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”Headquarters” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes” css=”.vc_custom_1461835238233{margin-top: 0px !important;}”][vc_gmaps link=”#E-8_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” size=”250″][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”General contact details” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes” css=”.vc_custom_1461835341456{margin-top: 0px !important;}”][ultimate_icon_list icon_size=”24″ icon_margin=”15″][ultimate_icon_list_item icon=”Defaults-home” icon_color=”#003262″]HUPX Hungarian Power Exchange Ltd.

Dévai utca 26-28

1134 Budapest

Hungary[/ultimate_icon_list_item][ultimate_icon_list_item icon=”Defaults-phone” icon_color=”#003262″]+36 (0) 1 304 1090[/ultimate_icon_list_item][ultimate_icon_list_item icon=”Defaults-envelope-o” icon_color=”#003262″]info@hupx.hu[/ultimate_icon_list_item][/ultimate_icon_list][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height=”100px”][/vc_column][/vc_row]