Hungary: Lead time decrease on intraday market

, SEE Energy News

As of 1 July 2021, HUPX will decrease the lead time on its Intraday market as a result of combined efforts of MAVIR, ECC and HUPX. The new lead time will be 15 minutes, which means that after XBID borders close 60 minutes before delivery, 45 minutes will remain to trade on the local level. Since it is essential to ensure that trading and delivery are realized the closest possible to each other in time, HUPX has been continuously working on shortening the lead time, which has arrived to its 3rd and biggest ever step, bringing it near to real-time. As a result, the Hungarian electricity market will see higher effectivity, flexibility and growing traded volumes.