HINDUSTAN POWER EXCHANGE GETS CERC APPROVAL FOR INDIA’S THIRD POWER TRADING EXCHANGE
News: The start of operations at India’s third power exchange, Hindustan Power Exchange (HPX) looks imminent, with final approval from the Central Electricity Regulatory Commission (CERC) on June 27. CERC’s approval was under Regulation 28 of Central Electricity Regulatory Commission (Power Market) Regulations 2021 for approval of the technology to be used by the exchange.
Views: This will be India’s third power exchange after IEX and PXIL but it remains to be seen how it affects the market share of current players specially IEX, which owns around 95% of share and has robust ecosystem of 6,800+ participants located across 29 states and 5 union territories comprising 55+ distribution utilities and 500+ conventional generators.
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