Hungarian electricity exchange HUPX reported a 17.5% rise in its September day-ahead baseload price, while traded volumes fell versus August and stayed above year-earlier levels. The monthly baseload average reached €178.73/MWh, compared with €152.17/MWh in August. The peak-load average increased by 17.2% to €144.31/MWh.
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, a 3.4% month-on-month decline. During September, HUPX counted 132 registered day-ahead members and 130 intraday continuous members.
Baseload versus peak-load pricing and market timing
The difference between peak-load and baseload prices was reflected in a €34.42/MWh discount of peak-load to baseload electricity. The gap indicates that a monthly baseload benchmark does not reflect the price paid when demand is concentrated in specific hours. The same distinction can affect realised revenues for generators when output aligns with lower-priced periods.
Higher September levels feed into October procurement costs
The September increase lifted the cost base entering October, according to HUPX data cited up to 9 October. By that date, the Hungarian day-ahead average had reached €269.43/MWh. The figure was presented as an example of how quickly daily supply pressures can raise procurement costs above an already expensive monthly benchmark.