Hindustan Power Exchange Hits 1 Bn Units of Power Trading Milestone within 6 Months of its Launch

PTC India, Bombay Stock Exchange, and ICICI Bank promoted Hindustan Power Exchange Ltd (HPX) has reached the 1 billion unites of power traded milestone within 6 months of its commencement of operations.

With over 360 market participants, HPX has also raced to register participants comprising 80 per cent buy volume of overall Day Ahead Market (DAM); 90 per cent sell volume of Green DAM and 70 per cent buy of Real Time Market (RTM).

HPX is now the number two exchange of the country in the Contingency segment, and the total settlement registered on its platform was Rs 1,250 crore.

Though eastern entities have contributed about 51 per cent in this amount since commencement of operations of the exchange, the participation from Southern entities have increased in the last two months and they contributed 41 per cent in the month of December. It is pertinent to note that all the southern states are registered on the exchange and the foreseen potential of these states basis their past record would be 28 per cent buy side on DAM, 24 per cent buy on RTM, 12 per cent sell on DAM, 14 per cent sell on RTM.

Backed by the latest technology and a series of innovative features, the fastest power exchange of India promises to offer speed, transparency, and better price discovery in the execution of trades.

The exchange is presently offering to trade in Contingency contracts, Green Contingency contracts, Term Ahead Market (TAM), Renewable Energy Certificates (REC), DAM, Green Day Ahead Market (G-DAM) & RTM. 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.