Power Exchange India Limited (PXIL), India’s first institutionally promoted
Power Exchange provides an electronic market platform for a nationwide trade of
electricity.PXIL was conceived to provide innovative and credible solutions designed
to transform the Indian Power Markets. PXIL's unique combination of local insights
and global perspectives helps its stakeholders to make better informed business
and investment decisions, improves the efficiency of the power markets and helps
shape policies and projects.
PXIL is promoted by the National Stock Exchange of India Limited (NSE), the largest
stock exchange in India and amongst the top four stock exchanges in the world and
the National Commodity & Derivatives Exchange Limited (NCDEX), the only commodity
exchange in the country promoted by national level institutions.
Other stakeholders of PXIL are Power Finance Corporation Limited, Gujarat Urja Vikas
Nigam Limited, JSW Energy Limited, GMR Energy Limited, MP Power Trading Company
Limited, Tata Power Trading Company Limited and WBSEDCL.
PXIL’s vision is to create a significant difference and remain the benchmark of
unquestionable integrity and excellence to its stakeholders by continually being
innovative and offer credible solutions to transform the Indian Power Markets. Some
innovations introduced by PXIL in keeping with its vision to transform the India
Power Markets include:
- Internet-based trading
- Minimum bid size of of 1 MW with an incremental tick size of 0.01 MW
- 15 minutes Time Blocks- locally designed bidding mechanism for weekly contracts
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