Power Exchange India Limited (PXIL) is India 's first institutionally promoted Power exchange that provides innovative and credible solutions to transform the Indian Power Markets.

PXIL is promoted by the National Stock Exchange of India Limited (NSE), and the National Commodity & Derivatives Exchange Limited (NCDEX). The other stakeholders are Power Finance Corporation Limited, Gujarat Urja Vikas Nigam Limited, West Bengal State Electricity Distribution Company Limited, Madhya Pradesh Power Trading Company Limited, JSW Energy limited, GMR Energy Limited and Tata Power Trading Company Limited

The mainstay of PXIL is its unassailable integrity and a consummate fervour for commitment, excellence and continued innovation in all activities.

PXIL's unique combination of local insights and global perspectives, aids its stakeholders to make better informed business & investment decisions, improve the efficiency of the power markets and help shape policy and projects and thus helps create for India the Power Market it deserves.

PXIL received regulatory approval from Central Electricity Regulatory Authority (CERC) on 30th September 2008 to begin operations. After receiving the final nod from the National Load Despatch Centre, the apex body of the country grid operator, PXIL has successfully started its operations on 22nd October 2008. The initial products offered for trading are electricity contracts offered on a day-ahead basis with voluntary participation.

PXIL received further approval from CERC on 31 st August 2009 to introduce longer tenure physical delivery products in the form of Weekly and Day-Ahead Contingency products. PXIL has launched the trading of both these products on 15 September 2009.