Hindustan Power Exchange backed by BSE, PTC to commence operations

The other two exchanges in the country are Indian Energy Exchange (IEX) and Power Exchange of India ltd (PXIL), of which IEX holds a 98 per cent almost monopoly on the total traded power in country

The third power exchange in the country, Hindustan Power Exchange (HPX) backed by BSE and Power Trading Corporation (PTC) was launched on Wednesday, after being floated in 2019. PTC India and BSE Investment hold 25 per cent each in HPX, followed by 9.9 per cent held by ICICI Bank.

Other shareholders are Greenko Energies (5 per cent), Jindal Power (2 per cent), Meenakshi Power (5 per cent) and six others. HPX received a nod from the Central Electricity Regulatory Commission (CERC) last week.

The other two exchanges in the country are Indian Energy Exchange (IEX) and Power Exchange of