A look at power trading

NSE and NCDEX-promoted Power Exchange India Limited (PXI) will be operational in October. PXI will organise road shows in New Delhi, Mumbai and Bangalore between August 26 and September 2 to showcase its exchange and will hold discussions with stakeholders on intricacies of trading on the exchange. PXI proposes to start with day-ahead trading contracts (all 24 hours).

PXI would offer four types of membership, including trading member (TM), trading and self clearing member (TSCM), trading cum clearing member (TCM) and professional clearing member (PCM). TM membership will entitle the members to trade, both for themselves and/or on behalf of their clients. TSCM membership will entitle members to trade and clear for themselves only. TCM membership will entitle the members to trade and clear, both for themselves and /or on behalf of their clients. PCM membership will entitle the member to clear on behalf of his clients and other TMs.

The Indian Energy Exchange (IEX) promoted by the Financial Technologies, PTC India, Rural Electrification Corporation, Lanco, Reliance Infrastructure, Tata Power, IDFC and Adani has already clocked a trading of over 18,000 MWh since its launch on June 27. IEX currently operates day ahead market based on closed auction, double side bidding and clearing at uniform price.