Hindustan Power Exchange Ltd (HPX), on July 20, 2022, crossed the 100-MU mark of traded power since its launch. The newly formed power trading exchange achieved the milestone in just two weeks of its operations, a release from HPX said.
HPX now ranks second among power exchanges in the country in the “Contingency” segment. The peak volume achieved at HPX in 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 per cent of the total market share of ‘Contingency Market’ as per the trades registered at the close of trading on July 20, 2022.
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 and 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.
Read also: Hindustan Power Exchange Commences Operations, Becomes India’s Third
HPX commenced the operations from July 9, 2022. Currently, the exchange offers electricity trade in Contingency Contracts, Green Contingency Contracts and Renewable Energy Certificates. Gradually electricity trading in other market segments will be rolled out.
Featured photograph is for representation only
