Hungary Electricity Market To Couple With Neighbours In Q4

  • 21 Feb 2014 8:00 AM
Hungary Electricity Market To Couple With Neighbours In Q4
Day-ahead electricity markets in Hungary, the Czech Republic, Slovakia and Romania could be coupled in the fourth quarter of this year. According to the Hungarian Power Exchange (HUPX) Poland will participate as an observer.

The steering committee for the market coupling project recently “acknowledged the progress achieved by the project team and appreciated that all parties had advanced significantly in assessing the required technical solutions and common interfaces starting preparation for the implementation of all systems”, HUPX said.

Turnover of HUPX’s day-ahead auctions reached 9 TWh last year, or about one-fifth of the total consumed in Hungary, data on the bourse’s website show.

Established in 2010, Hungary’s power exchange works with 56 members.

Turnover of the day-ahead market reached 9 terawatthours (tWh) last year: that is 20% of Hungary’s annual use of electric current.

Source www.hungarymatters.hu

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