Hungarian electricity exchange HUPX reported a 17.5% rise in its September day-ahead baseload price, while traded volumes declined versus August. The monthly baseload average reached €178.73/MWh, compared with €152.17/MWh in August. Peak-load pricing increased by 17.2% to €144.31/MWh.
September trading volumes and member numbers
HUPX said 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, which was 3.4% lower month on month. During September, the exchange recorded 132 registered day-ahead members and 130 intraday continuous members.
Baseload and peak-load spreads and procurement timing
The difference between peak-load and baseload prices was €34.42/MWh. The gap reflects that industrial procurement outcomes can vary depending on when demand occurs within the month rather than relying on a single monthly baseload benchmark. The same pricing distinction can affect realised revenues for generators when output is concentrated during lower-priced periods.
Cost base entering October after September increase
The September price rise lifted the cost base entering October. By 9 October, the Hungarian day-ahead average had reached €269.43/MWh. The figure indicates how quickly daily supply pressures can move procurement costs above the already elevated monthly benchmark.