Hindustan Power Exchange crosses 100 MUs of power trading

Hindustan Power Exchange Limited (HPX) on July 20 crossed 100 MUs mark of traded power since its launch

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New Delhi: Hindustan Power Exchange Limited (HPX), promoted by PTC India Ltd, Bombay Stock Exchange, and ICICI Bank, on July 20 crossed 100 MUs mark of traded power since its launch. The newly formed power trading exchange achieved the milestone in just two weeks of its operations.

HPX is now the number two exchange in the country in the segment it launched (Contingency). The peak volume achieved at HPX in the first 15 days stands at 15 MUs while the daily average volume of 7.5 MUs has been registered at the HPX platform till date.

Further, HPX has also attained 37 percent of the total market share of the ‘contingency market’ as per the trades registered at the close of trading yesterday.

Backed by the latest technology and a series of innovative features, the third power exchange of India promises to offer speed, transparency, and better price discovery in the execution of trades. The exchange is presently offering trading in contingency contracts, green contingency contracts, and renewable energy certificates and launching day ahead market, green day ahead market & real-time market soon. It is steadily increasing its product portfolio and is set to provide a wide range of contracts to address the demand of different segments of the electricity market.

(With agency inputs)

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