London, 21 July 2010

HUPX has successfully launched the Hungarian day‐ahead power market in partnership with EPEX Spot and ECC as planned on 20 July 2010. The launch of HUPX clearly meets the expectations of the market community to establish an organised market in Hungary. The first auction of the day‐ahead power market took place on 20 July on the organized HUPX market. Seven out of the ten already admitted members participated on the first trading day for delivery on the next day on the Hungarian hub. The total volume exchanged on HUPX was 2,278 MWh, with a base load price of 47.80 EUR/MWh. Further members are finalizing the admission procedures and should join the exchange in the coming weeks.

HUPX uses EPEX Trading System, the trading platform used by EPEX Spot on the French market and soon on the German/Austrian and Swiss market. ECC offers clearing services. This cooperation contributes to the harmonisation of the trading and clearing systems in Europe.

HUPX will provide a transparent and reliable reference price in Hungary. This will facilitate further regional integration of the Eastern European electricity market. Zoltán MEDVECZKI, HUPX CEO, stresses that he is “very satisfied with the first trading day and that the coming new members will increase the liquidity further. We are confident that HUPX will become a reference power market in central Europe”.

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