Hindustan Power Exchange crosses 5 bn units trade in 11 months of launch y

Hindustan Power Exchange (HPX) on Thursday announced that its has crossed the milestone of five Billion Units (BU) of power traded within 11 months of its launch.

HPX was able to cross this landmark amid a rapid increase in trading volume across contingency and long duration contracts (LDC) segments, a HPX statement said.

The strong growth in members/client base and trading volumes demonstrate the trust and support the platform has been able to garner from power sector participants, it stated.

HPX is a new-age power exchange promoted by PTC India, BSE and ICICI Bank and has a diverse shareholder base represented by state power utilities, central generators, independent power producers, market makers in trading, and power sector consultants.