HUPX Intraday countinuous market
For reaching the current Intraday Continuous Market product list and specification please use the following link:
Market Rules Annex III.B. Product List and Specification - Intraday Market valid from 13.06.2024
| General Information | |
|---|---|
|
Description |
Short term physical Product of electricity power, delivered at the Hungarian Electricity Transmission System operated by TSO. |
|
Basic quality of the underlying product |
Electrical power transiting over the Hungarian Transmission System managed by 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. |
|
Physical 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 |
Continuous |
|
Trading days |
Year-round |
|
Gate Opening Time (GOT) |
At 3:00 pm, one day before the Delivery Day |
|
Gate Closure Time (GCT) |
15 minutes before delivery period starts |
|
Lot size (quantity characteristic during Order submission, minimum quantity) |
0.1 MW |
|
Maximum quantity |
999 MW |
|
Minimum and maximum prices |
-9999.00 €/MWh / 9999.00 €/MWh |
|
Tick size (price characteristic during Order submission) |
One euro cent per MWh, 0.01 €/MWh |
|
Negative Prices |
Negative prices are authorized where specified below (see minimum and maximum prices). When a contract is traded with a negative price, it is legally regarded as a supply of service (removal service) by the recipient of power to the delivering party and not anymore as a supply of goods by the party delivering the power. |
- HUPX INTRADAY CONTINUOUS MARKET - LOCAL QUARTERLY PRODUCT
Contract specifications
Product name
Quarter_Hour_Power_Local
Contract long name
YYYYMMDD HH:MM-YYYYMMDD HH:MM
indicates the exact delivery start and delivery end
Contract short name
QHH:MM-HH:MM_Local
indicates the hours and minutes when delivery starts and ends on a respective day
visible in the trading system
Availability
Local
Trading is only available in decoupling period. When the cross border coupling operates and cross border products are tradable these contracts are inactive.
Cross border allocation - Listing Day
11 December, 2020 (first Delivery Day)
Delivery unit
15 minutes
Delivery period
Delivery starts with the first minute of the delivery day and subsequently in every 15 minutes: HH:00; HH:15; HH:30; HH:45
For example:
00:00-00:15
00:15-00:30
00:30-00:45
00:45-01:00OTC registration available
no
Trade recall available
YEs, with the following conditions:
• requested in the Trading System with the “recall” button,
• requested within 15 minutes viamin. after execution,
• requested at least 15 min. before trading system “recall” button,for Contract ends,
• approved by the counterparty approval is neededwithin 30 min. after the request,
• approved by counterparty before Contract endsBlock orders enabled (minimum of two subsequent delivery period)
no
Over-midnight blocks enabled
No
Linked orders enabled (for basket submission)
yes
Iceberg order enabled
yes
Minimum peak size (of iceberg orders)
5.0 MW
Peak price delta (maximum price delta of different peak sizes)
5.00 €/MWh
Execution restriction
partial execution
- HUPX INTRADAY CONTINUOUS MARKET - XBID QUARTERLY PRODUCT
Contract specifications
Product name
XBID_Quarter_Hour_Power
Contract long name
YYYYMMDD HH:MM-YYYYMMDD HH:MM
indicates the exact delivery start and delivery end
Contract short name
QHH:MM-HH:MM_XB
indicates the hours and minutes when delivery starts and ends on a respective day, visible in the trading system
Availability
Central XBID (remote)
Cross border allocation On Croatioan-Hungarian, Austrian-Hungarian, Romanian-Hungarian, Slovak-Hungarian, Slovenian-Hungarian and Croatian-Hungarian borders Cross-border allocation starts D-1 (one day before the Delivery Day) around 22:00 and after the HUPX Intraday Auction Market go-live asap after 15:20 Cross-border allocation closes Generally, 60 minutes before delivery period starts. Due to HUPX Intraday Auction Market, after the go-live even if the given HUPX Intraday Auction Market is decoupled HUPX Intraday Continuous Market cross-border allocation shall be halted on the borders activated in IDA in the following timeframes: D-1 from 21:40 until the restart which is ASAP after 22:20 [IDA 2] (one day before the Delivery Day) D from 9:40 until the restart which is ASAP after 10:20 [IDA 3] (on the Delivery Day) Suspension of IDA (rollback) Possible in 1 week after the go-live of HUPX Intraday Auction Market. In this case HUPX Intraday Continuous Market shall be the only trading platform for Intraday Market Coupling and for the Cross-border allocation. Listing Day
11 December, 2020 (first Delivery Day)
Delivery unit
15 minutes
Delivery period
Delivery starts with the first minute of the delivery day and subsequently in every 15 minutes: HH:00; HH:15; HH:30; HH:45
For example:
00:00-00:15
00:15-00:30
00:30-00:45
00:45-01:00OTC registration available
no
Trade recall available
no
Block orders enabled (minimum of two subsequent delivery period)
no
Over-midnight blocks enabled
no
Linked orders enabled (for basket submission)
yes
Iceberg order enabled
yes
Minimum peak size (iceberg orders)
5.0 MW
Peak price delta (maximum price delta of different peak sizes)
5.00 €/MWh
Execution restriction
partial execution
- HUPX INTRADAY CONTINUOUS MARKET - LOCAL HOURLY PRODUCT
Contract specifications Product name
Hour_Power_Local
Contract long name
YYYYMMDD HH:MM-YYYYMMDD HH:MM
indicates the exact delivery start and delivery end
Contract short name
HH:MM-HH:MM_Local
indicates the hours and minutes when delivery starts and ends on a respective day
visible in the trading system
Availability
Local
Trading is only available in decoupling period. When the cross border coupling operates and cross border products are tradable these contracts are inactive.
Cross border allocation - Listing Day
20 November, 2019 (first Delivery Day)
Delivery unit
60 minutes
Delivery period
Delivery starts with the first minute of the delivery day and subsequently in every 60 minutes: H1:00; H2:00; H3:00; etc.
For example:
00:00-01:00
01:00-02:00OTC registration available
no
Trade recall available
Yes, with the following conditions:
• requested in the Trading System with the “recall” button,
• requested within 15 minutes viamin. after execution,
• requested at least 15 min. before trading system “recall” button,for Contract ends,
• approved by the counterparty approval is neededwithin 30 min. after the request,• approved by counterparty before Contract endsBlock orders enabled (minimum of two subsequent delivery period)
yes
Over-midnight blocks enabled
no
Linked orders enabled (for basket submission)
yes
Iceberg order enabled
yes
Minimum peak size (of iceberg orders)
5.0 MW
Peak price delta (maximum price delta of different peak sizes)
5.00 €/MWh
Execution restriction
single contracts: partial execution
blocks: all or none
- HUPX INTRADAY CONTINUOUS MARKET - XBID HOURLY PRODUCT
Contract specifications Product name
XBID_Hour_Power
Contract long name
YYYYMMDD HH:MM-YYYYMMDD HH:MM
indicates the exact delivery start and delivery end
Contract short name
HH:MM-HH:MM_XB
indicates the hours and minutes when delivery starts and ends on a respective day, visible in the trading system
Availability
Central XBID (remote)
Cross border allocation On Croatian-Hungarian, Austrian-Hungarian, Romanian-Hungarian, Slovak-Hungarian and Slovenian-Hungarian borders Cross-border allocation starts D-1 (one day before the Delivery Day) around 22:00 and after the HUPX Intraday Auction Market go-live asap after 15:20 Cross-border allocation closes Generally, 60 minutes before delivery period starts. Due to Intraday Auction Market, after the go-live even if the given HUPX Intraday Auction Market is decoupled HUPX Intraday Continuous Market cross-border allocation shall be halted on the borders activated in IDA in the following timeframes: D-1 from 21:40 until the restart which is ASAP after 22:20 [IDA 2] (one day before the Delivery Day) D from 9:40 until the restart which is ASAP after10:20 [IDA 3] (on the Delivery Day) Suspension of IDA (rollback) Possible in 1 week after the go-live of HUPX Intraday Auction Market. In this case HUPX Intraday Continuous Market shall be the only trading platform for Intraday Market Coupling and for the Cross-border allocation Listing Day
20 November, 2019 (first Delivery Day)
Delivery unit
60 minutes
Delivery period
Delivery starts with the first minute of the delivery day and subsequently in every 60 minutes: H1:00; H2:00; H3:00; etc
For example:
00:00-01:00
01:00-02:00OTC registration available
no
Trade recall available
no
Block orders enabled (minimum of two subsequent delivery period)
yes
Over-midnight blocks enabled
yes
Linked orders enabled (for basket submission)
yes
Iceberg order enabled
yes
Minimum peak size (iceberg orders)
5.0 MW
Peak price delta (maximum price delta of different peak sizes)
5.00 €/MWh
Execution restriction
single contracts: partial execution
blocks: all or none
- HUPX INTRADAY CONTINUOUS MARKET - LOCAL OTC HOURLY PRODUCT
Contract specifications
Product name
Hour_Power_Local_OTC
Contract long name
OTC-YYYYMMDD HH:MM-YYYYMMDD HH:MM
indicates the exact delivery start and delivery end
Contract short name
HH:MM-HH:MM_OTC
indicates the hours and minutes when delivery starts and ends on a respective day, visible in the trading system
Availability
Local, no trading on the screen
Cross-border allocation - Listing Day
20 November, 2019 (first Delivery Day)
Delivery unit
60 minutes
Delivery period
Delivery starts with the first minute of the delivery day and subsequently in every 60 minutes: H1:00; H2:00; H3:00; etc
For example:
00:00-01:00
01:00-02:00OTC registration available
yes, only OTC registration available
Trade recall available
no
Block orders enabled (minimum of two subsequent delivery period)
no
Over-midnight blocks enabled
-
Linked orders enabled (for basket submission)
-
Iceberg order enabled
-
Minimum peak size (iceberg orders)
-
Peak price delta (maximum price delta of different peak sizes)
-
Execution restriction
OTC registration can be only fully accepted, partial execution is not feasible
- HUPX INTRADAY CONTINUOUS MARKET - LOCAL OTC USER-DEFINED BLOCK PRODUCT
Contract specifications Product name
Hour_Power_Local_OTC_UD
Contract long name
OTC-YYYYMMDD HH:MM-YYYYMMDD HH:MM
indicates the exact delivery start and delivery end
Contract short name
HH:MM-HH:MM_OTC
indicates the hours and minutes when delivery starts and ends on a respective day
visible in the trading system
Availability
Local, no trading on the screen
Cross-border allocation - Listing Day
20 November, 2019 (first Delivery Day)
Delivery unit
60 minutes
Delivery period
Delivery starts with the first minute of the delivery day and subsequently in every 60 minutes: H1:00; H2:00; H3:00; etc
For example:
00:00-01:00
01:00-02:00OTC registration available
yes, only OTC registration available
Trade recall available
no
Block orders enabled (minimum of two subsequent delivery period)
yes, only blocks available with the minimum size of two subsequent delivery period
Over-midnight blocks enabled
no
Linked orders enabled (for basket submission)
-
Iceberg order enabled
-
Minimum peak size (iceberg orders)
-
Peak price delta (maximum price delta of different peak sizes)
-
Execution restriction
OTC registration can be only fully accepted, partial execution is not feasible