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Trade starts on energy bourse HUPX

Trade started for the first time on the Hungarian Power Exchange (HUPX) on Tuesday. Contracts for 2,278MWh of electricity changed hands on the first day of trade. Volume was about 50% more than the bourse's management had expected, said HUPX CEO Zoltán Medveczki. Turnover reached more than €100,000, he added.

Deals were struck by E.ON Energy Trading, EDF DÉMÁSZ, Energy Financing Team, GDF SUEZ Energia Magyarország, Holding Slovenske Elekrarne, JAS Budapest, Magyar Áramszolgáltató, Mátrai Erőmű, MVM Partner and Statkraft Market. More partners are expected to join trade in the coming days, Medveczki said.

Contracts for Hungary day base electricity were quoted for €47.80 per MWh. The same product for Germany and Austria on the power bourse in Leipzig was priced at €48.81. HUPX quotes for Hungary day peak electricity were at €55.37 per MWh, compared to €54.83 in Leipzig.

HUPX was established by transmission system operator MAVIR in May 2007. (MTI-Econews)