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Hungarian Day-Ahead Power Prices Rally on Lower Cross-Border Transmission

POWER

Hungarian day-ahead power prices at the HUPX rallied for Thursday delivery, with hourly prices rising as high as €940.16/MWh due to reduced cross-border transmission capacity.

  • In the past three sessions, HUPX market prices rose as to 300-700€/MWh for hours 19-24.
  • The increase is due to reduced cross-border transmission on Hungarian borders.
  • “Maximal Flow Based Market Coupling (FBMC) exchange towards Hungarian market is greatly reduced after 8 July”, Marko Kosoric, SEE Energy Business Expert at Balkan Energy said.
  • “Maximal FBMC exchanges from Western Europe towards Hungary got reduced by 1,200-1,300 MW on average in hours H19-H24 as of 08.07.2024. This is a very unexpected and uncomfortable situation which is happening at the same time when RS>HU and BG>RO NTCs are also reduced”, Kosoric added.
  • It is unclear when the reduction will end and what transmission grid maintenance caused the reduction, he added.

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Hungarian day-ahead power prices at the HUPX rallied for Thursday delivery, with hourly prices rising as high as €940.16/MWh due to reduced cross-border transmission capacity.

  • In the past three sessions, HUPX market prices rose as to 300-700€/MWh for hours 19-24.
  • The increase is due to reduced cross-border transmission on Hungarian borders.
  • “Maximal Flow Based Market Coupling (FBMC) exchange towards Hungarian market is greatly reduced after 8 July”, Marko Kosoric, SEE Energy Business Expert at Balkan Energy said.
  • “Maximal FBMC exchanges from Western Europe towards Hungary got reduced by 1,200-1,300 MW on average in hours H19-H24 as of 08.07.2024. This is a very unexpected and uncomfortable situation which is happening at the same time when RS>HU and BG>RO NTCs are also reduced”, Kosoric added.
  • It is unclear when the reduction will end and what transmission grid maintenance caused the reduction, he added.