July 6,2009
MUMBAI: In an effort to make the Indian power market more inclusive and vibrant,
Power Exchange India Ltd. (PXIL), promoted jointly by NSE and NCDEX, has applied for three new products to the Central Electric Regulatory
Commission (CERC).
Once it receives approval, PXIL would be offering longer tenure products, intra-state
products and contingency products in addition to present day-ahead products wherein
physical delivery of power is made on the next of trading. While offering buyers and
sellers of electricity with flexibility to trade for longer durations, these products are
expected to bring in more liquidity to the power exchange. These products include
longer tenure products as well as day ahead contingency products.
Source:http://economictimes.indiatimes.com/Markets/Indices/Power-Exchange-plans-f
or-3-new-products/articleshow/4720118.cm
MUMBAI: In an effort to make the Indian power market more inclusive and vibrant,
Power Exchange India Ltd. (PXIL), promoted jointly by NSE and NCDEX, has applied for three new products to the Central Electric Regulatory
Commission (CERC).
Once it receives approval, PXIL would be offering longer tenure products, intra-state
products and contingency products in addition to present day-ahead products wherein
physical delivery of power is made on the next of trading. While offering buyers and
sellers of electricity with flexibility to trade for longer durations, these products are
expected to bring in more liquidity to the power exchange. These products include
longer tenure products as well as day ahead contingency products.
Source:http://economictimes.indiatimes.com/Markets/Indices/Power-Exchange-plans-f
or-3-new-products/articleshow/4720118.cm
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