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

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