- In 2017 January, extremly high prices were observed in the Hungarian power exchange. On 11 January, the baseload power price was traded on 300 €/MWh in some hours, while in the neighboring countries – except for Serbia and Croatia – prices were floating on a standard price level
- The reason for such high price levels is manifold: a 10 degrees centigrade lower than average temperature, shich induced a 6.5% increase in consumption, the non-planned outage of Mátra lignite power plant and Dunamenti G3, the curtailment of imports from Austria by 200 MW.
- 2400 MW of „events” occured int he Hungarian price region on 11 January, which accounts for 15% of the 17000 MW regional consumption< /li>
- However, the Hungarian system was far from curtailing consumers< /li>
- During the last two weeks of January, a price hike overall Europe was present. In the future, similar weather conditions (cold spells and unfavourable wind) may result in high price periods.
Publications / Policy brief
Analysing the 2017 January price hike in HUPXpolicy briefPublished: 20 of April, 2017
Related file