Uniindia: Mumbai, Jul 6 (UNI) Hindustan Power Exchange (HPX), promoted by Bombay Stock Exchange, PTC India and ICICI Bank on Wednesday commenced operations after receiving all necessary approvals from Central Electricity Regulatory Commission.
The exchange will initially offer trading in Term Ahead Market, Green Term Ahead Market, and Renewable Energy Certificates. It will steadily increase its product portfolio and provide a wide range of contracts to address the demand of different segments of the electricity market, , Hindustan Power Exchange
Power exchanges account for 51 per cent of short-term trade
During the calendar year, the average spot price of electricity in the day-ahead market of power bourses was 16% lower than that in 2019.
Synopsis
Experts and state governments said the trend was not specific to 2020, though it being an exceptional year, and they expect the share of exchanges in electricity trade to rise further as they offer good discounts over other deals.
New Delhi: Power exchanges accounted for 51% of the total short-term trade in 2020, marking the beginning of a significant transformation in the Indian power market that has so far been dominated by bilateral deals.