HUPX and SEE SPOT Support / Day-Week ahead

Daily trading strategies for HUPX 

Day ahead forecast report for Hungarian power exchange is published at 08:30 CET, with 10:00 CET update (PDF, excel and email notification). In addition to hourly price forecast, aim of daily reports is also to provide spot traders with all the data and analytics they might need for day-ahead trading, live power plants outage info and all other information relevant for spot trading. HUPX + SEE Spot Support report also includes Week-ahead HUPX forecast.

Subscription fee: 400 EUR per month, company licensed.

Forecast report below is a sample edition. For trial and subscriptions, contact us on office@balkanenergy.com

Email notifications, live update and data download are available at our Power Portal – registration is free!

Download (PDF, HUPX-forecast-14.10.2021.pdf)

How does the HUPX DAY-AHEAD Spot Support price forecast work?

Working with fundamental factors

The market price is dominantly determined by fundamental elements of the market, i.e. by the consumption, cross border capacities, available generation and the cost of generation.

• DAY-AHEAD Spot Support models reaction of each power plant generator on price signals.
• DAY-AHEAD Spot Support models reaction of consumption in all countries on temperature deviations.
• DAY-AHEAD Spot Support takes into account day ahead renewable energy forecasts.
• DAY-AHEAD Spot Support takes into account maintenance of all power plants.

Working with human factors

Behavior of people makes a huge impact on HUPX price. We model behavior of traders on certain market conditions in order to fine tune the HUPX price forecast. The most influential human factors which make an impact on HUPX price and which we model daily are:

• Nominations of cross border deliveries by traders between Slovenian and Hungarian markets.
• Nominations of cross deliveries by traders on the Romanian-Serbian border.
• Deliveries of traders to Greece or from Greece
• Selling of Bosnian power utilities
• Selling of Bulgarian power plants
• Flexibilities of deliveries contracts to Albania

Working with neighboring markets

Spot support takes into account expected prices on Czech, German/Austrian and Italian markets which do not belong to the HUPX region, but do make an impact on HUPX price realization and behavior of traders.

What does the HUPX DAY-AHEAD Spot Support forecast show?

Our HUPX DAY-AHEAD forecast shows the expected price expectation for the whole HUPX price region. Hourly prices HUPX prices will deviate from our forecast depending on the:

• Amount of non-coupled exchanges between HUPX, BSP-SOUTHPOOL, CROPEX, SEPEX, OPCOM, IBEX, LAGIE exchanges.
• Higher deliveries of traders from HUPX towards BSP or vice versa
• Too high deliveries from/to Italian or Greek markets due to the panic.

Such effects can only be partially forecasted and modeled since they depend too much on behavior of traders.

However, in the long term, average HUPX DAY-AHEAD spot support forecasts should reflect the realized HUPX day ahead price.