NTPC, PFC, NHPC and TCS will come together to form India's third power exchange. Earlier, Financial Technologies started the Indian Energy Exchange, offering day-ahead trades; while NCDEX won the regulatory approval to set up a competing platform. However, major portion of electricity in India is sold through LT contracts.
Indian power exchanges currently conduct spot trades, and will subsequently allow captive power plants to sell surplus power. According to an analyst at Angel Broking, the cement, steel and sugar producers have shown keen interest in trading power on the exchanges.
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