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HUPX Hungarian Power Exchange is the day-ahead power market which was launched in July 2010 as part of the liberalization of the Hungarian energy sector.
| | This article needs additional citations for verification .(August 2016) |
HUPX Hungarian Power Exchange is the day-ahead power market which was launched in July 2010 as part of the liberalization of the Hungarian energy sector.
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HUPX intraday market enables members to trade 15-minute intraday products on the Hungarian Power Exchange. An organized intraday market provides more opportunities for market players to reduce their need for imbalance energy, to optimize power generation closer in time to delivery and it is also appropriate for managing forecast errors or unforeseen power plant outages.
HUPX is also offering physically settled futures trading. This market provides weekly, monthly, quarterly and yearly baseload/peakload contracts. Since the fourth quarter of 2015 initiator transaction fee was reduced to 0 EUR/MWh, which contributed to a significant boost in the liquidity. The traded volumes jumped from 3 627,3 GWh in 2014 to 6 485,6 GWh in 2015. On 1 January 2016 HUPX PHF listed 31 members. In addition to the settlement of transactions concluded on the exchange, OTC transactions can be registered as well.
4M MC is an ATC-based day-ahead implicit allocation process striving on the compatibility with the EU target model while taking into account the fact that 4M solution is to be considered as an interim step before the Central Eastern European (“CEE”) regional solution. The primary target of the market coupling is to assure a deeper integration of regional power markets. The process aims at maximizing the energy flow from the low price area to the high price area by taking into account the available cross-border capacity. Consequently, price levels among the individual market areas converge. By this procedure, not only the security of supply can be increased but the price volatility on relevant power markets can be moderated and the power sale and purchase can become more effective. The Czech, Slovak, Hungarian and Romanian NRAs, TSOs and PXs jointly implemented the extension of CZ-SK-HU market coupling to Romanian day-ahead electricity market (4M MC)] on 19 November 2014 based on PCR solution. [1]
According to the prevailing regulations of the Hungarian Electric Energy Act, there are six types of entities that can become HUPX members:
In a broad sense, an electricity market is a system that facilitates the exchange of electricity-related goods and services. During more than a century of evolution of the electric power industry, the economics of the electricity markets had undergone enormous changes for reasons ranging from the technological advances on supply and demand sides to politics and ideology. A restructuring of electric power industry at the turn of the 21st century involved replacing the vertically integrated and tightly regulated "traditional" electricity market with multiple competitive markets for electricity generation, transmission, distribution, and retailing. The traditional and competitive market approaches loosely correspond to two visions of industry: the deregulation was transforming electricity from a public service into a tradable good. As of 2020s, the traditional markets are still common in some regions, including large parts of the United States and Canada.
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Through the 1996 Electric Utilities Act the Alberta's deregulated electricity market began.
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Nord Pool AS is a pan-European power exchange. Nord Pool has a main office in Oslo and further offices in Stockholm, Helsinki, Tallinn, Berlin and London. The company is owned by the European exchange operator Euronext as well as TSO Holding, which represents the continental Nordic and Baltic countries' transmission system operators. Nord Pool has two subsidiaries, Nord Pool AB and Nord Pool Finland Oy.
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The electricity sector in the Philippines provides electricity through power generation, transmission, and distribution to many parts of the Philippines. The Philippines is divided into three electrical grids, one each for Luzon, the Visayas and Mindanao. As of June 2016, the total installed capacity in the Philippines was 20,055 megawatts (MW), of which 14,348 MW was on the Luzon grid. As of June, 2016, the all-time peak demand on Luzon was 9,726 MW at 2:00 P.M. on May 2, 2016; on Visayas was 1,878 MW at 2:00 P.M. on May 11, 2016; and on Mindanao was 1,593 MW at 1:35 P.M. on June 8, 2016. However, about 12% of Filipinos have no access to electricity. The Philippines is also one of the countries in the world that has a fully functioning electricity market since 2006 called the Philippine Wholesale Electricity Spot Market(WESM) and is operated by an independent market operator.
The electricity sector of Armenia includes several companies engaged in electricity generation and distribution. Generation is carried out by multiple companies both state-owned and private.