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February HUPX Pan-European auction - Prices decreasing, trading activity shrinking

HUPX (Hungarian Power Exchange Ltd), the appointed operator for the Hungarian GOs market by MEKH (Hungarian Energy & Utilities Regulatory Agency), held its sixth pan-European auction for Guarantees of Origin (GOs) on 21 February 2023. This is the sixth such auction in history offering EECS GOs (produced from May 2022 to November 2022).

It is important to note that the National GOs, which were issued in Hungary for producers that receive financial assistance and not tradable internationally, have been phased out of the market. The traded prices for EECS GOs are generally in line with the...

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