Power Exchange India Limited
India's first institutionally promoted Power Exchange that provides innovative and credible solutions to transform the Indian Power Markets. more...
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Power Exchange India Limited (PXIL) provides a common platform for buying and /or selling of power under Any-Day product. This product allows participants to trade electricity for single or multiple day(s) in one or more days in advance upto 11 Days. Multiple day contracts on all or none basis can be traded. Participants can place bids for block of hours as specified by the exchange from time to time. The Any-day contract will allow participants to deal with daily or contiguous day’s requirement. It provides more flexibility to participants whose energy requirements are not uniform across the week. For e.g. Election Contract for duration of 3 days and 2 days can be traded separately for specified time duration within a week.

The Salient Features of Any-Day Product are as under:

i) Any-Day Product caters to meet the requirements of market by allowing trading of power for 1 day upto 11 Days in advance.

ii) Earliest Delivery Starts from the Day after Trade Date.

iii) Discriminatory pricing mechanism is used as the matching methodology whereby the exchange ensures that the maximum benefit is given to both the buyers and sellers of electricity.

iv) Any-Day market operations will be carried out in accordance with the Procedure for scheduling of Bilateral Transactions’ issued by the Central Transmission Utility under provisions of ‘CERC (Open Access in inter-State Transmission) Regulations, 2008.

v) The Any-day market is traded on a bilateral basis with financial settlement and clearance taken care of by the Exchange.

vi) Full margins taken upfront ensure honoring of trade. The Margin requirements would be intimated to the Participants through a Circular by the Exchange from time to time.

Benefits of trading at PXIL

  • A neutral and transparent price discovery mechanism
  • Search cost for seller as well as buyer is reduced
  • Credit risk for sellers and buyers is eliminated
  • Standard contracts offer orderly and fair market
  • Resources are optimally utilized which leads to increase in power supply