Development of the Hungarian Electricity Market in Days

Abstract

Currently, it is worth examining the electricity market in Hungary, as there have been changes in the data of the past year. Righ now, the Hungarian electricity market is operated by HUPX ZRt., which is highly recognized in the Central and Eastern European region.
The aim of HUPX Ltd. is to operate the organized electricity market in Hungary on the basis of the provisions of the Hungarian Electricity Act and the permits issued by the Hungarian Energy Office.
The main purpose of its operation is to use the most modern electricity trading platforms, where electricity trading and other related transactions can be executed in the form of standardized contracts.
The enterprise is an innovative organization that, through its regulation, promotes the strengthening of the liquidity of the Hungarian energy market and the increase of its efficiency. The main goal of the company is to contribute to free market trading and the development of the Hungarian electricity market by operating the reference price and the trading market. The electricity trade in Hungary can develop in the future if the power exchange is exploited to a greater extent.
In my article I would like to examine the economic importance of the HUPX market in Hungary through long time series. I also consider it important to present the so-called "day-ahead market" and the "day-to-day market", which may give Hungary an opportunity to exit free trade in the future.
In my calculations I examine the electricity supplied by the Hungarian public utility network controlled by MAVIR ZRt. (Transmission System Operator in Hungary). Of course, in the examination of the electricity market, I also take into account the provisions of the Operational Rules of the Hungarian Electricity System.