News

Dr. Mátyás Vajta is appointed as the new CEO of HUPX Hungarian Power Exchange Ltd., effective 1st of August 2020.

HUPX Hungarian Power Exchange Ltd., the operator of the organized Hungarian spot power market celebrates its 10th anniversary on 20th of July 2020. HUPX was established in 2010 by the national TSO MAVIR, and dedicated to play an important part in the energy market liberalization in Hungary, with the objective to provide reference price and an exchange trading platform. Since its launch, the Exchange has been successfully operating in a highly competitive environment and reaching one...

One of the key objectives of the European Union’s energy policies is to create a single European energy market, with harmonised regularisation, trading platforms and transparent, market-based incentives.

In order to achieve this goal, FARCROSS („FAcilitating Regional CROSS-Border Electricity Transmission through Innovation”) project was established to enhance regional electricity trading by improving cross-border interconnections.

The implementation of a single, unified electricity market is one of the main challenges the European Union has to face. Stability in electricity supply has to be maintained even during system disturbances such as a power plant failure or the loss of a large load. Under extreme conditions, EU Member States need to be able to rely on other market players  of the neighbouring countries to meet their balancing energy needs. Although the importance of market coupling has been highlighted for a...