Promoted by PTC India, BSE, ICICI Bank, HPX reached the milestone in 15 days of its commencement of operations
· Attained 37% of total market share of ‘Contingency market’
· HPX powered by same technology that makes BSE the fastest exchange globally
India, 21st July, 2022: Hindustan Power Exchange Ltd. (HPX), promoted by PTC India Ltd, Bombay Stock Exchange, and ICICI Bank, yesterday crossed 100 MUs mark of traded power since its launch. The newly formed power trading exchange achieved the milestone in just two weeks of its operations.
HPX is now the number two exchange in the country in the segment it launched (Contingency). 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% of the total market share of ‘Contingency market’ as per the trades registered at the close of trading yesterday.
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 & 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.