Construction Industry News
Hindustan Power Exchange (HPX), promoted by PTC India, Bombay Stock Exchange (BSE) and ICICI Bank, has surpassed 1 billion units of power traded within six months of its launch.
With over 360 market participants, HPX also raced to register participants, consisting of 80% buying volume from the total day ahead market (DAM), 90% selling volume green DAM and 70% buying from the real-time market (RTM) . ).
HPX is now the country's number two exchange in the contingency segment, and the total settlement registered on its platform was Rs 1,250 crore. While eastern entities have contributed about 51% of this amount since the exchange's operations began, southern entities' participation has increased over the past two months and they contributed 41% in the month of December. It is pertinent to note that all Southern states are listed on the exchange and the projected potential of these states based on their past record would be 28% buy on DAM, 24% buy on RTM, 12% sell on DAM and 14% sell on RTM.
The exchange currently offers trading in Contingency Contracts, Green Contingency Contracts, Forward Ahead Market (TAM), Renewable Energy Certificates (REC), DAM, Green Day Ahead Market (G-DAM), and RTM. It is steadily expanding its product portfolio and will offer a wide range of contracts to meet the demand of different segments of the electricity market.
