About PXIL

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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About PXIL

PAT Mechanism