physics

HUPX Hungarian Power Exchange

HUPX Hungarian Power Exchange is a physics topic covered in the lgStudy science library. This page brings together a partial reference excerpt, illustrations, worked examples, real-world applications and a short study plan, so you can understand HUPX Hungarian Power Exchange rather than just read about it. In short: 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. Markets and products HUPX intraday market enables members to trade 15-minute intraday products on the Hungarian Power Exchange.

Key takeaways

HUPX Hungarian Power Exchange belongs to physics; place it in that map before memorising details.
Learn the definition first, then one example that makes the definition concrete.
Connect HUPX Hungarian Power Exchange to a quantity you can measure, compute or draw — that is where exam questions come from.
Reproduce the core statement of HUPX Hungarian Power Exchange from memory before moving on to harder problems.

Reference excerpt

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.

Markets and products

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.

Market coupling 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.

Type of HUPX members According to the prevailing regulations of the Hungarian Electric Energy Act, there are six types of entities that can become HUPX members:

Electricity trader (with a valid electricity trading permit issued by the Hungarian Energy Office pursuant to section 88 of the Electric Energy Act); Universal service provider (with a valid universal service provision permit issued by the Hungarian Energy Office pursuant to section 90 of the Electric Energy Act); Consumer (on the base of point c of subsection 2 of section 56 of the Electric Energy Act); Producer (with a valid power plant or micro power plant operational permit issued by the Hungarian Energy Office pursuant to section 80 or 83 of the Electric Energy Act); Transmission system operator (with a valid transmission system operation permit issued by the Hungarian Energy Office pursuant to section 87 of the Electric Energy Act); Distribution System Operator (with a valid distribution system operation permit issued by the Hungarian Energy Office pursuant to section 84 of the Electric Energy Act).

References

Illustrations

HUPX logo

Worked examples

Example 1 — a first encounter with HUPX Hungarian Power Exchange

Start with the simplest possible case. Write down what HUPX Hungarian Power Exchange claims or describes in one sentence, then invent the smallest concrete situation in which that sentence is true. In physics, the smallest case is usually a single object, a single equation or a single measurement. Check that every symbol or term in your sentence has a meaning in that case.

Example 2 — changing one variable

Take the situation from Example 1 and change exactly one quantity: double it, halve it, or set it to zero. Predict what should happen to HUPX Hungarian Power Exchange before you calculate. Comparing your prediction with the result is the fastest way to find out whether you understand the idea or only the words.

Example 3 — an exam-style question

Typical questions about HUPX Hungarian Power Exchange ask you to (a) state it precisely, (b) apply it to given data, and (c) explain a limitation. Practise writing all three answers in under five minutes; the third part is what separates a full-mark answer from an average one.

Applications of HUPX Hungarian Power Exchange

In research: HUPX Hungarian Power Exchange appears in physics research whenever the underlying quantities have to be modelled precisely. Papers usually cite it as a starting assumption and then explore where it breaks down.
In technology and industry: Engineering practice reuses HUPX Hungarian Power Exchange in design rules, simulations and safety margins. Knowing the idea lets you read a specification sheet and understand why the numbers look the way they do.
In the classroom: HUPX Hungarian Power Exchange is common in secondary-school and first-year university syllabi. It links to neighbouring topics Electric power exchanges in Europe, Energy in Hungary, Energy infrastructure in Hungary, so understanding it makes those chapters shorter.
In everyday life: Look for HUPX Hungarian Power Exchange outside the textbook — in sport, cooking, traffic, electronics or the sky above you. An example you found yourself is remembered far longer than one you were given.

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How to study HUPX Hungarian Power Exchange in 20 minutes

Read the reference excerpt below once, without taking notes.
Close the page and write down what HUPX Hungarian Power Exchange means in your own words.
Compare your version with the excerpt and mark what you missed.
Work through the three examples above with pen and paper.
Explain HUPX Hungarian Power Exchange out loud to somebody else — or to Teacher Smith in the lgStudy chat.

Frequently asked questions

What is HUPX Hungarian Power Exchange in simple terms?

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. Markets and products HUPX intraday market enables members to trade 15-minute intraday products on the Hungarian Power Exchange.

Why does HUPX Hungarian Power Exchange matter?

Because it connects several physics ideas at once: it gives you a definition you can apply, a quantity you can calculate, and a way to check whether a result is plausible.

How should I study HUPX Hungarian Power Exchange?

Read the excerpt, restate it from memory, then work through the examples and applications listed on this page. The five-step study plan above takes about twenty minutes.

What does this page cover?

It gives you a compact reference excerpt plus original lgStudy explanations, examples, applications and study material on HUPX Hungarian Power Exchange.