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PTC India gets nod to set up third power exchange; launch likely by next FY

Launch likely by next FY after PTC complies with market regulations

power, electricity, IIP, demand, discoms, distribution, companies, firms, transmission, transformer, workers

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PTC India Executive Director and Group Chief Risk Officer Rajiv Malhotra said the company was confident of meeting all the required regulations in the stipulated eight weeks

3 min read Last Updated : Aug 04 2020 | 1:26 AM IST

The Central Electricity Regulatory Commission (CERC) has approved setting up of a third power exchange platform in the country, floated by PTC India along with BSE Investments and ICICI Bank. CERC, however, has asked PTC India to comply with power market regulations before the regulator grants registration.

India has two power exchanges — Indian Energy Exchange (IEX) and Power Exchange India (PXIL). Power exchange facilitates over-the-counter sale and purchase of power via different types of contracts — day-ahead, term-ahead, renewable energy certificates, and recently introduced real-time electricity market. IEX has a lion’s share of 95 per cent in the day-ahead contracts market.

PTC India Executive Director and Group Chief Risk Officer Rajiv Malhotra said the company was confident of meeting all the required regulations in the stipulated eight weeks. “Thereafter, following the directives of CER