In January 2026, the Hungarian energy exchange, HUPX, reported a notable surge in day-ahead electricity prices. The average price on the day-ahead market reached 150.41 euros/MWh, representing a substantial 29.8% increase from December 2025, when prices averaged 115.88 euros/MWh. Additionally, the average peak price for this period was recorded at 176.37 euros/MWh, marking a significant rise of 36.4% compared to the previous month.
The trading activity on the day-ahead market reflected this price escalation, with a total traded volume of 3.41 million MWh in January. This figure indicates a rise of 12.1% from December 2025’s volume of 3.04 million MWh and is also 29.2% higher than January 2025’s total of 2.64 million MWh. Furthermore, on the intraday continuous market, the total traded volume reached 1,098,895 MWh, which is an increase of 5.8% compared to the previous month.
<pMarket participation remained robust during this period, with 113 members registered on the day-ahead market and 105 members engaged in the intraday continuous market. This level of engagement underscores a stable interest among market participants amidst fluctuating price dynamics.
<pThe recent trends in HUPX highlight the ongoing volatility in electricity pricing within Hungary's energy landscape, reflecting broader regional influences and demand fluctuations that are shaping market conditions across Southeast Europe.
