Hungarian power exchange launch positive for eastern European markets

The Hungarian power exchange's (HUPX) launch and first day-ahead auction is seen by analysts as a positive development for the Hungarian and eastern European power markets. The auction was carried out on July 20 in collaboration with Paris-based EPEX Spot and clearing house European Commodity Clearing (ECC). Seven out of the 10 members participated on the first trading day for delivery the following day on the Hungarian hub. Total volume exchanged on HUPX was 2278 megawatt hours, with a base