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Power Exchange offers common platform for trading of electricity

CHENNAI: Power Exchange India Limited (PXI), promoted by National Stock Exchange (NSE) and National Commodity and Derivatives Exchange (NCDEX), has made an application to the Central Electricity Regulatory Commission to establish and operate a national level power exchange.

PXI will provide a common electronic platform for trading of electricity.

Initially trading would be done on a day-ahead basis with voluntary participation.

New contracts would be introduced after taking feedback from the market and obtaining approval from the CERC.

The objectives are to set-up adequate infrastructure for trading, clearing and settlement of electricity contracts for the Indian power sector participants and to provide single window clearance for traded electricity contracts. The exchange would aim to simplify the trading procedure and ideally reduce the number of interfaces for the participants.

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