India’s third power exchange becomes operational
The country’s third power exchange -Hindustan Power Exchange Ltd NSE 1.09 %. (HPX)– promoted by PTC India Ltd NSE 1.62 %, Bombay Stock Exchange and ICICI Bank NSE 1.27 % commenced operations on Wednesday upon receiving approval from Central Electricity Regulatory Commission.
The exchange will initially offer trading in Contingency contracts, Green Contingency contract and Renewable Energy Certificates. It will steadily increase its product portfolio and provide a wide range of contracts to address the demand of different segments of the electricity market, an official statement said.
