Hindustan Power Exchange Ltd. (HPX) has concluded its first e-Reverse Auction (e-RA) trade between Indian Railways and Jindal Power Limited, resulting in the highest single-day volume of 36.18 MUs. In just 7 months, HPX has achieved over 55% share in the contingency/intra-day market segment with nearly 450 market participants. The first e-RA trade on HPX’s platform has been executed between Indian Railways (buyer) and Jindal Power Limited (seller).
HPX offers trading in various contracts, with almost all major state discoms, generators, and traders registered on the exchange. HPX promises speed, transparency, and better price discovery in executing trades with the help of innovative features and technology.
The exchange is presently offering trading in Contingency contracts, Green Contingency contracts, Long Duration Contracts, Term Ahead Market (TAM), Renewable Energy Certificates (REC), Energy Saving Certificates (ESCerts), Day Ahead Market (DAM), Green Day Ahead Market (G-DAM) & Real Time Market (RTM), while the trade in the last three segments is yet to gather momentum. The exchange 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.Â