Hindustan Power Exchange (HPX) has crossed the milestone of 1 billion units (kwh) of power traded since its launch around six months ago.
In a release, HPX said that with more than 360 market participants, the exchange has also raced to register participants comprising 80 per cent buy volume of overall Day Ahead Market (DAM); 90 per cent sell volume of Green DAM and 70 per cent buy of Real Time Market (RTM).
HPX is now the number two exchange of the country in the Contingency segment, and the total settlement registered on its platform was Rs.1,250 crore.
Regional mix
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 2022.
HPX said that it is pertinent to note that all the southern states are registered on the exchange and the foreseen potential of these states basis their past record would be 28 per cent buy side on DAM, 24 per cent buy on RTM, 12 per cent sell on DAM, 14 per cent sell on RTM.
Technology
Backed by the latest technology and a series of innovative features, the fastest power exchange of India promises to offer speed, transparency, and better price discovery in the execution of trades, HPX said.
Platforms offered
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) and 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.
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