INTRODUCTION TO HUPX GROUP. Minta szöveg minta Minta

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1 INTRODUCTION TO HUPX GROUP Minta szöveg minta Minta

2 MILESTONES HUDEX CEEGEX WD HUPX DAM 2010 Jul HUPX PHF 2011 Jul CZ-SK-HU MC Go- live 2012 Sep CEEGEX 2013 Jan 4M MC Go- live 2014 Nov HUPX IDM 2016 March 2016 Oct 2018 Jan

3 ADVANTAGES OF HUPX GROUP ID, DAM, Futures Power & Gas products available within one company group, discounts for being a member on all No transaction fee as an initiator Non-discriminative trading Equal treatment Equal accessibility of information Anonym trading Indicative reference price Market transparency Increasing market competition Settlement services No guarantee problems Managed counterparty risks Prompt completion Utilization of market resources Market coupling Optimal utilization of cross border links Simple administration (scheduling, invoicing) Increasing liquidity Well-known IT solution Compatibility with other exchanges NEMO status (HUPX) Central clearing bank ensures financial security for all transactions

4 HUPX MARKETS HUPX ID POWER HUPX DAM POWER HUDEX POWER & GAS FUTURES CEEGEX SPOT GAS 24h Intraday Power Market (ID) Physical Day-ahead Power Market (DAM) Financial Power & Gas Futures (FF) Physical Within-day and Day-ahead Market Gate opening: D-1 3:45 pm CET Gate closure: 120 min before delivery Products: 15 min products, and 1 hour blocks Automated cross product matching function OTC clearing registration Daily auction through the year Hourly and block products Gate closure: 11:00 am CET Market coupling with CZ, SK and RO Liquid market with a high number of active trading participants Continuous trading session on working days from 8:00 am to 5:00 pm CET Baseload & peak load power (W, M,Q,Y) Gas contracts (M,Q) Continuous bid- ask prices provided by market makers OTC clearing registration Continuous trading session on working days Products: Within-day Day-ahead Continuous bid- ask prices provided by market makers KELER clearing registration XBID compatibility 24/7 IT and operational support

5 HUPX Minta INTRADAY szöveg minta MARKET Minta

6 MEMBERS 31 Members PGE Trading GmbH

7 PRICES

8 ADVANTAGES OF HUPX ID ID cross border allocation on 5 borders CR border 1 hourly allocation time XBID compatibility Renewable generation trading on the platform from TSO (KÁT) 15 min/ 1 hour block products cross product matching API and ISV solutions available Power plant and portfolio optimization Close to real time trading shorter lead time

9 HUPX Minta DAY-AHEAD szöveg minta MARKET Minta

10 MEMBERS 57 Members

11 VOLUMES

12 PRICES Average yearly baseload price 2016: 35,41 Average yearly baseload price 2017: 50,84 Average yearly baseload price 2018*: 37,24 *calculated until

13 FUTURE OF MARKET COUPLING Market coupling developments: Implementing the CACM provisions: NEMOs will implement the Market Coupling Operator function Implementing the flow based market coupling: the Core Project MoU signed: joint Hungarian-Serbian company for a strong power exchange in the Balkan region

14 ADVANTAGES OF HUPX DAM Good liquidity Reliable prices Reference price in Hungary and in the Balkan 4MMC efficient border optimisation Well- known IT solution

15 CEEGEX

16 MEMBERS CEEGEX Members (25) CEEGEX Market makers (3)

17 TRADED VOLUMES GWh > 2017 August > 2017 September > 2017 October > 2017 November > 2017 December > 2018 January > 2018 February > 2018 March > 2018 April CEEGEX Spot 2017: GWh CEEGEX Spot (Jan-Apr.): GWh

18 TRADED VOLUMES

19 CEEGEX, CEGH DA PRICES Source: and Thomson Reuters Eikon Source: and Thomson Reuters Eikon

20 ADVANTAGES OF CEEGEX Connects the buyers and the sellers Organized market with standardized products Reliable prices Short term products for effective & easy balancing Enabling efficient utilization of the existing infrastructure Growing liquidity with an average bid ask spread of 0,4 Euro

21 HUDEX

22 HUDEX LAUNCH: 03/01/

23 MEMBERS 29 Members

24 CEEGEX PHF/HUDEX GAS - VOLUMES 500 Traded volumes CEEGEX PHf/HUDEX Kereskedett mennyiség [GWh] OTC PhF - Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr. 2018

25 HUPX PHF/ HUDEX POWER - VOLUMES

26 WHY HUDEX? ID, DAM, Futures Power & Gas products available within one company group Discounts for being a member on all markets Both Hungarian Power and Gas contracts available with one HUDEX membership Financial trading with optional physical delivery for Power Products, physical delivery for Gas Products No transaction fee as an initiator STP solution for automated and fast clearing Growing liquidity and market makers Elimination of Counterparty Risk Anonym Market

27 GOALS FOR 2018 HUPX DAM Joint exchange and market coupling with Serbia Smart Block complexity increase HUPX ID Shorter lead time: 90 Minutes Increasing liquidity due to more flexible ID capacity allocation on the borders Introduction of automated trading services (ISV) XBID project CEEGEX Development of the trading environment (limit handling solution) New products (BOM) New members, growing liquidity HUDEX New power products for the region Financial DA product

28 Thank you for your attention!

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