From Wikipedia article on hyperchromicity (emphasis my own):
"When the bases become unstacked, the wavelength of maximum absorbance does not change, but the amount absorbed increases by 37%."
However, theoretically speaking, any electron delocalization (in this case π-stacking) always lowers the overall energy of the system, hence the wavelength of maximum absorbance should be greater.
Why is this not the case in the hyperchromic effect?