Hindustan Power Exchange (HPX), on July 28, 2022, launched three new trading segments —Day Ahead Market (DAM), Green Day Ahead Market (G-DAM) and Real Time Market (RTM).
With the launch of these segments HPX has enhanced its portfolio to six segments. The new segments will enable HPX’s customers to meet their multiple trading needs and discover better price for power transactions, the power exchange that began formal operations on July 6, 2022, said in a release.
Day Ahead Market (DAM) is a delivery-based contract that offers spot transaction of electricity to market participants that helps them to manage power procurement portfolio on day ahead basis and sets a benchmark reference price for the market.
Under Real Time Market (RTM), HPX will help its customers meet their electricity requirement on real time basis. The seamless and reliable platform of HPX will enable customers to manage their last minute supply-demand gap of electricity through the RTM route.
Green Day Ahead Market (G-DAM) will help the sellers and buyers to submit sale or purchase bids for renewable energy each day; the electricity would be delivered the following day. The segment is aimed at providing a seamless platform for renewable energy producers including solar, non-solar as well as hydro power, to sell electricity with optimized price discovery.
Currently, more than 175 members are already registered on HPX, which are expected to participate in these segments to meet their trading needs.
Also read: Hindustan Power Exchange Crosses 100 MU Of Power Trading
HPX was launched with Contingency Market segments (Intra Day & Day Ahead Contingency) on July 06, 2022.The cumulative traded volume at the exchange stands at about 200 MU since the commencement, achieving an average market share of about 25 per cent in the Contingency Market.
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