ADEX Group, the first regional Energy Exchange for Central and Southeastern Europe, has successfully closed the transaction to acquire the Hungarian Power Exchange (HUPX), marking a significant milestone in the region’s electricity trading landscape.
This acquisition positions ADEX Group as the premier electricity trading hub for Central and Southeastern Europe, enhancing market liquidity, integration through market coupling, and providing greater efficiency and price transparency.
With this deal, ADEX Group, headquartered in Budapest, becomes the sole shareholder of BSP, HUPX, and SEEPEX, creating a streamlined structure for efficient trading and clearing services. This setup will benefit both existing and future members of these exchanges.
While ensuring smooth operations for the three spot power exchanges, ADEX Group will gradually work on integration efforts to improve the customer experience, aiming to create a comprehensive one-stop platform for regional trading and clearing. Regular updates and engagement with customers will be key elements of this integration process.
ADEX Group’s Chairman, Anze Predovnik, described the acquisition as a major achievement in the company’s business growth, reaffirming ADEX’s role as a leading electricity trading hub in the region. He emphasized ADEX’s commitment to uniting the fragmented markets of Central and Southeastern Europe into a single European electricity market.
The success of this transaction was made possible through the collaboration of key shareholders, including ELES, the European Power Exchange (EPEX SPOT), and the Serbian and Hungarian transmission system operators, EMS and MAVIR. These partnerships are crucial in advancing ADEX Group’s vision of completing pan-European Market Coupling, which will foster the energy transition and consolidate the fragmented markets in Central and Southeastern Europe.
