HUDEX Hungarian Derivative Energy Exchange

Incorrect settlemen price on 22nd June, 2023


On Trading day 22.06.2023 the settlement price calculation on HUDEX Power Segment included an incorrect input data and resulted an incorrect settlement price for Q1-24 BL product.

The error was detected after the completion of clearing process therefore ex post correction of the price was not possible.As a prevention of further potential cases HUDEX reviewed and improves the filter function for outlier inputs.

Upon recalculating, the correct price of the product is 167.69 EUR/MWh. The mark-to-market settlement did go through with the incorrect price, the correction of margin requirements will take place with trading day 23.06.2023 settlement prices.