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March 2023 HUPX Pan-European auction

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

It is important to note that the National GOs, which were issued in Hungary for producers that receive financial assistance and were not tradable internationally, have been phased out of the market. Average prices have kept falling since they peaked durin...

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