Hungary power market: HUPX day-ahead prices fall in April 2026 as demand and volumes soften

Hungary’s electricity market saw a sharp cooling in April 2026, with day-ahead prices falling materially as trading activity softened. For investors and traders watching regional power benchmarks, the move signals a less tight balance than the prior month—reflected not only in price levels but also in reduced volumes on the day-ahead platform.

Day-ahead benchmark drops to €96.55/MWh

The average electricity price on the day-ahead market of the Hungarian power exchange (HUPX) stood at €96.55/MWh in April 2026. That compares with an average baseload price of €117.4/MWh in March, a decline of 17.8% month-on-month.

Peak pricing also weakened: the average DAM peak price reached €60.43/MWh in April, which was 41.6% lower than in March.

Lower day-ahead volumes accompany the price fall

Trading volume on HUPX’s day-ahead market totaled 2.44 million MWh in April 2026. This was down 12.7% versus March (2.79 million MWh) and also slightly lower year-on-year, falling 2% compared with April 2025 (2.49 million MWh).

Intraday continuous market edges higher

On the intraday continuous market, total trading volume amounted to 1,087,209 MWh in April 2026. That represented a small increase of 0.2% compared with the previous month.

More registered members on both platforms

Market participation rose over the period. In April 2026, there were 120 registered members on the day-ahead market—four more than in the previous month—while the intraday continuous market recorded 112 registered members.

Taken together, the combination of lower day-ahead prices and reduced day-ahead volumes points to a more relaxed trading environment in April, even as intraday activity held up and membership continued to expand.