HPX Achieves 1 Billion Units Trading Milestone

Hindustan Power Exchange Ltd. (HPX), India’s newest power exchange promoted by PTC India Ltd, Bombay Stock Exchange, and ICICI Bank, has reached the milestone of 1 Billion units of power traded within six months of its launch.

The milestone has come on the back of over  360 market participants. HPX has also raced to register participants comprising 80% buy volume of overall Day Ahead Market (DAM); 90% sell volume of Green DAM and 70% buy of Real Time Market (RTM).

To put that number in context, the country’s largest power exchange, IEX (India Energy Exchange), traded 7.7 billion units of power in November this year. But HPX has done extremely well to quickly leapfrog over PXIL (Power Exchange India Limited) , the erstwhile number 2 exchange in the country.

HPX is now the number two exchange of the country in the Contingency segment, and the total settlement registered on its platform was Rs 1250 crore. Though eastern entities have contributed about 51% in this amount since commencement of operations of the exchange, the participation from Southern entities have increased in last two months and they contributed 41% in the month of December. All the southern states are registered on the exchange and the foreseen potential of these states basis their past record would be 28% buy side on DAM, 24% buy on RTM, 12% sell on DAM, 14% sell on RTM.

The exchange is presently offering trading in Contingency contracts, Green Contingency contracts, Term Ahead Market (TAM), Renewable Energy Certificates (REC), Day Ahead Market (DAM), Green Day Ahead Market (G-DAM) & Real Time Market (RTM). 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.

The exchange began operations on 6^th July 2022. Its promoters are – BSE, PTC and ICICI. That lineage helped the exchange cross 100 MU’s of power traded in its very first month.