Hindustan Power Exchange Ltd. (HPX), promote by PTC India Ltd, Bombay Stock Exchange, and ICICI Bank, today commence operations after receiving all necessary approvals from Central Electricity Regulatory Commission.
Back by the latest technology and a series of innovative features, the exchange promises to offer speed, transparency, and better price discovery in the execution of trades.
The exchange will initially offer trading in Contingency contracts, Green Contingency contracts, 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.
The Indian power sector is at the cusp of a massive energy transition where the share of renewable energy is steadily rising in India’s power generation mix.
Further, more variable power output from wind and solar plants is set to push short-term trading of energy, thereby giving more options to both buyers and sellers. HPX will play a pivotal role in bridging the gap between demand and supply and providing trading at an optimized cost.