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HUPX Hungarian Power Exchange
HUPX Hungarian Power Exchange is the day-ahead power market which was launched in July 2010 as part of the liberalization of the Hungarian energy sector. Markets and products HUPX intraday market enables members to trade 15-minute intraday products on the Hungarian Power Exchange. An organized intraday market provides more opportunities for market players to reduce their need for imbalance energy, to optimize power generation closer in time to delivery and it is also appropriate for managing forecast errors or unforeseen power plant outages. HUPX is also offering physically settled futures trading. This market provides weekly, monthly, quarterly and yearly baseload/peakload contracts. Since the fourth quarter of 2015 initiator transaction fee was reduced to 0 EUR/MWh, which contributed to a significant boost in the liquidity. The traded volumes jumped from 3 627,3 GWh in 2014 to 6 485,6 GWh in 2015. On 1 January 2016 HUPX PHF listed 31 members. In addition to the settlement o ...
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Energy In Hungary
Energy in Hungary describes energy and electricity production, consumption and import in Hungary. Energy policy of Hungary describes the politics of Hungary related to energy. Statistics Nuclear power Hungary had, in 2017, four operating nuclear power reactors, constructed between 1982 and 1987, at the Paks Nuclear Power Plant. An agreement in 2014 with the EU and an agreement between Hungary and Rosatom may result in an additional two reactors being built for operation in 2030. The cost, estimated at €12.5bn, being funded mainly by Russia. Oil Hungary is reliant on oil from Russia for 46% of its needs in 2021, a decrease from 80% in 2013. An EU exemption to sanctions, following the Russian invasion of Ukraine in 2022 allows Hungary to continue importing oil from Russia until December 2023. MOL Group is an oil and gas group in Hungary. Gas Emfesz is a natural gas distributor in Hungary. Panrusgáz imports natural gas from Russia mainly Gazprom. The Arad–Szeged p ...
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Day Trading
Day trading is a form of speculation in securities in which a trader buys and sells a financial instrument within the same trading day, so that all positions are closed before the market closes for the trading day to avoid unmanageable risks and negative price gaps between one day's close and the next day's price at the open. Traders who trade in this capacity are generally classified as speculators. Day trading contrasts with the long-term trades underlying buy-and-hold and value investing strategies. Day trading may require fast trade execution, sometimes as fast as milli-seconds in scalping, therefore a direct-access day trading software is often needed. Day traders generally use leverage such as margin loans; in the United States, Regulation T permits an initial maximum leverage of 2:1, but many brokers will permit 4:1 intraday leverage as long as the leverage is reduced to 2:1 or less by the end of the trading day. In the United States, based on rules by the Financial I ...
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Power Generation
Electricity generation is the process of generating electric power from sources of primary energy. For utilities in the electric power industry, it is the stage prior to its delivery ( transmission, distribution, etc.) to end users or its storage (using, for example, the pumped-storage method). Electricity is not freely available in nature, so it must be "produced" (that is, transforming other forms of energy to electricity). Production is carried out in power stations (also called "power plants"). Electricity is most often generated at a power plant by electromechanical generators, primarily driven by heat engines fueled by combustion or nuclear fission but also by other means such as the kinetic energy of flowing water and wind. Other energy sources include solar photovoltaics and geothermal power. There are also exotic and speculative methods to recover energy, such as proposed fusion reactor designs which aim to directly extract energy from intense magnetic fields genera ...
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Forecast Error
In statistics, a forecast error is the difference between the actual or real and the predicted or forecast value of a time series or any other phenomenon of interest. Since the forecast error is derived from the same scale of data, comparisons between the forecast errors of different series can only be made when the series are on the same scale. In simple cases, a forecast is compared with an outcome at a single time-point and a summary of forecast errors is constructed over a collection of such time-points. Here the forecast may be assessed using the difference or using a proportional error. By convention, the error is defined using the value of the outcome ''minus'' the value of the forecast. In other cases, a forecast may consist of predicted values over a number of lead-times; in this case an assessment of forecast error may need to consider more general ways of assessing the match between the time-profiles of the forecast and the outcome. If a main application of the forecas ...
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Power Plant
A power station, also referred to as a power plant and sometimes generating station or generating plant, is an industrial facility for the generation of electric power. Power stations are generally connected to an electrical grid. Many power stations contain one or more generators, a rotating machine that converts mechanical power into three-phase electric power. The relative motion between a magnetic field and a conductor creates an electric current. The energy source harnessed to turn the generator varies widely. Most power stations in the world burn fossil fuels such as coal, oil, and natural gas to generate electricity. Low-carbon power sources include nuclear power, and an increasing use of renewables such as solar, wind, geothermal, and hydroelectric. History In early 1871 Belgian inventor Zénobe Gramme invented a generator powerful enough to produce power on a commercial scale for industry. In 1878, a hydroelectric power station was designed and built by Wil ...
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Futures Trading
In finance, a futures contract (sometimes called a futures) is a standardized legal contract to buy or sell something at a predetermined price for delivery at a specified time in the future, between parties not yet known to each other. The asset transacted is usually a commodity or financial instrument. The predetermined price of the contract is known as the ''forward price''. The specified time in the future when delivery and payment occur is known as the ''delivery date''. Because it derives its value from the value of the underlying asset, a futures contract is a derivative. Contracts are traded at futures exchanges, which act as a marketplace between buyers and sellers. The buyer of a contract is said to be the long position holder and the selling party is said to be the short position holder. As both parties risk their counter-party reneging if the price goes against them, the contract may involve both parties lodging as security a margin of the value of the contract with a ...
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Transaction Fee
A fee is the price one pays as remuneration for rights or services. Fees usually allow for overhead, wages, costs, and markup. Traditionally, professionals in the United Kingdom (and previously the Republic of Ireland) receive a fee in contradistinction to a payment, salary, or wage, and often use guineas rather than pounds as units of account. Under the feudal system, a Knight's fee was what was given to a knight for his service, usually the usage of land. A contingent fee is an attorney's fee which is reduced or not charged at all if the court case is lost by the attorney. A service fee, service charge, or surcharge is a fee added to a customer's bill. The purpose of a service charge often depends on the nature of the product and corresponding service provided. Examples of why this fee is charged are: travel time expenses, truck rental fees, liability and workers' compensation insurance fees, and planning fees. UPS and FedEx have recently begun surcharges for fuel. Rest ...
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Liquidity
Liquidity is a concept in economics involving the convertibility of assets and obligations. It can include: * Market liquidity, the ease with which an asset can be sold * Accounting liquidity, the ability to meet cash obligations when due * Liquid capital, the amount of money that a firm holds * Liquidity risk, the risk that an asset will have impaired market liquidity See also *Liquid (other) *Liquidation (other) Liquidation is the conversion of a business's assets to money in order to pay off debt. Liquidation may also refer to: * Murder * Fragmentation (music), a compositional technique * ''Liquidation'' (miniseries), a Russian television series See a ...
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Central And Eastern Europe
Central and Eastern Europe is a term encompassing the countries in the Baltics, Central Europe, Eastern Europe and Southeast Europe (mostly the Balkans), usually meaning former communist states from the Eastern Bloc and Warsaw Pact in Europe. Scholarly literature often uses the abbreviations CEE or CEEC for this term. The Organisation for Economic Co-operation and Development (OECD) also uses the term "Central and Eastern European Countries (CEECs)" for a group comprising some of these countries. Definitions The term ''CEE'' includes the Eastern Bloc (Warsaw Pact) countries west of the post-World War II border with the former Soviet Union; the independent states in former Yugoslavia (which were not considered part of the Eastern bloc); and the three Baltic states – Estonia, Latvia, Lithuania (which chose not to join the CIS with the other 12 former republics of the USSR). The CEE countries are further subdivided by their accession status to the European Union (EU): the eigh ...
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Czech Republic
The Czech Republic, or simply Czechia, is a landlocked country in Central Europe. Historically known as Bohemia, it is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the southeast. The Czech Republic has a hilly landscape that covers an area of with a mostly temperate continental and oceanic climate. The capital and largest city is Prague; other major cities and urban areas include Brno, Ostrava, Plzeň and Liberec. The Duchy of Bohemia was founded in the late 9th century under Great Moravia. It was formally recognized as an Imperial State of the Holy Roman Empire in 1002 and became a kingdom in 1198. Following the Battle of Mohács in 1526, the whole Crown of Bohemia was gradually integrated into the Habsburg monarchy. The Protestant Bohemian Revolt led to the Thirty Years' War. After the Battle of White Mountain, the Habsburgs consolidated their rule. With the dissolution of the Holy Empire in 1806, the Cro ...
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Slovakia
Slovakia (; sk, Slovensko ), officially the Slovak Republic ( sk, Slovenská republika, links=no ), is a landlocked country in Central Europe. It is bordered by Poland to the north, Ukraine to the east, Hungary to the south, Austria to the southwest, and the Czech Republic to the northwest. Slovakia's mostly mountainous territory spans about , with a population of over 5.4 million. The capital and largest city is Bratislava, while the second largest city is Košice. The Slavs arrived in the territory of present-day Slovakia in the fifth and sixth centuries. In the seventh century, they played a significant role in the creation of Samo's Empire. In the ninth century, they established the Principality of Nitra, which was later conquered by the Principality of Moravia to establish Great Moravia. In the 10th century, after the dissolution of Great Moravia, the territory was integrated into the Principality of Hungary, which then became the Kingdom of Hungary in 1000. In 1241 a ...
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