Hungarian electricity exchange HUPX reported a 17.5% rise in its September day-ahead baseload price, while traded volumes declined versus August but stayed above year-earlier levels. The monthly baseload average reached €178.73/MWh, compared with €152.17/MWh in August. Peak-load averaged €144.31/MWh after increasing by 17.2%.
September turnover and trading volumes
Day-ahead turnover totalled approximately 2.47 TWh, down from 2.92 TWh in August and above 2.21 TWh in September 2025. Intraday continuous trading reached 1.261 TWh, falling 3.4% month on month. During September, HUPX counted 132 registered day-ahead members and 130 intraday continuous members.
Baseload versus peak-load pricing and procurement timing
The peak-load to baseload spread was €34.42/MWh, reflecting the difference between the two products’ average levels over the month. A monthly baseload benchmark does not capture the price paid by a buyer whose demand is concentrated in specific hours. The same distinction can affect realised revenues for generators when output is concentrated during lower-priced periods.
Cost base entering October
September’s increase lifted the cost base entering October. By 9 October, the Hungarian day-ahead average had reached €269.43/MWh. The figure was presented as an illustration of how quickly daily supply pressures can raise procurement costs above an already expensive monthly benchmark.