ADEX Group celebrates successful merger with Hungarian Power Exchange (HUPX)

Belgrade / Ljubljana / Budapest / Paris, 10 December 2024. ADEX Group is pleased to announce the successful closing of the transaction that brings HUPX, under the ownership of ADEX, marking a milestone in the development of the region’s power trading landscape. This achievement positions ADEX Group as the premier power trading hub for Central Eastern and South Eastern Europe, further supporting market liquidity, integration through market coupling, efficiency, and price transparency.

Through this transaction, ADEX Group, headquartered in Budapest, becomes the sole shareholder of BSP, HUPX, and SEEPEX. This structure is designed to create streamlined, efficient trading and clearing services, benefiting both current and future members of the exchanges.

While maintaining stable operations for all three spot power exchanges, ADEX Group will gradually embark on integration efforts to improve customer experience and establish a comprehensive one-stop-shop for regional trading and clearing. Continuous updates and customer engagement will be core elements of this process as ADEX works to create a truly unified platform for power market participants.

The collaboration of shareholders ELES, EPEX SPOT, EMS and MAVIR has been instrumental in bringing this vision to reality. Through this transaction, the shareholders of ADEX Group affirm their conviction that completing the pan-European Market Coupling will foster the energy transition and consolidate fragmented markets in the Central Eastern and South Eastern European region.

Read more on the press release.