Servicing Other Power Exchanges

The European Power Exchange EPEX SPOT is a company with customer service at its core. Servicing other Power Exchanges therefore is part of EPEX SPOT’s business model – as is the case of the Hungarian Power Exchange HUPX. In addition, EPEX SPOT has been chosen as the provider for price coupling services between the Czech Republic, Hungary and Slovakia.

The EPEX Trading System made its way to Hungary even before being introduced in the German/Austrian market. HUPX was successfully launched in partnership with EPEX SPOT and ECC on 20 July 2010, and today provides transparent and reliable reference prices for the day-ahead market in Hungary. EPEX SPOT operates the Hungarian market for HUPX. This cooperation contributes to the harmonization of the trading and clearing systems in Europe, facilitating further regional integration of the Eastern European electricity market.

The Czech, Slovakian and Hungarian power exchanges announced in May 2011 their cooperation to launch a trilateral market coupling between the Czech Republic, Slovakia and Hungary according to a signed Memorandum of Understanding. The initiative is open for other markets to join. EPEX SPOT has been chosen by the participating Power Exchanges as the facilitator and provider of state of the art price coupling services: These services consist of the implementation and operation of the coupling solution, relying on the Price Coupling System (PCS), the current system developed and used by EPEX SPOT within the framework of CWE. On 11 September 2012, the Trilateral Market Coupling was launched. This cooperation is a pragmatic step for the further integration of spot markets, which is a prerequisite for getting to the pan-European power market.