Belgrade / Ljubljana / Budapest / Paris, 25 March 2024

The Hungarian Power Exchange HUPX joins Adex to strengthen and extend the scope of the regional power exchange group for Central Eastern and South Eastern Europe (CEE-SEE). Adex Group becomes the most liquid spot power trading hub in this area.

This step fosters the energy transition and the consolidation of the fragmented markets and serves as facilitator to rollout the pan-European Market Coupling in the future. For market participants this means new access to a one-stop shop for trading and clearing in Slovenia, Serbia, and Hungary. Fully optimized processes will provide current and future members the services with greater convenience and accessibility. Energy exchanges within Adex Group, headquartered in Budapest, will bring together the expertise of multiple companies along with harmonized exchange rules, trading and clearing solutions.

As a result, Adex Group becomes the sole shareholder of BSP, HUPX and SEEPEX. MAVIR, ELES, EMS, and EPEX SPOT are the shareholders of ADEX Group which is designed and open for further partners to join.

BSP, HUPX and SEEPEX remain the operator of their existing markets and will continue to hold their Power Exchange and NEMO licences in the future.

Following the approvals by the relevant authorities the go-live of the enlarged Adex Group is expected to happen in the second half of 2024.