 "NSE")
The National Stock Exchange of India (NSE) on Monday launched monthly electricity futures contracts which allow power buyers, sellers, traders and retailers to manage price risks.
As of 2 pm, the contracts recorded more than 4,000 lots, representing more than 200 million units of electricity. The total turnover of trade has crossed 87.36 crore, with the volume-weighted average price recorded at ₹4,368/MWh (megawatt-hour), the exchange said in a statement.
"The first trade opened at ₹4,430/MWh, and as of the reporting time, the price was trending around ₹4,364/MWh, reflecting healthy participation across participants including power generators, discoms, large industrial consumers, and market intermediaries, it said.
According to the exchange, the launch provides a transparent, risk-managed platform for participants to hedge electricity price volatility, support long-term power planning, and contribute to country's broader energy transition goals.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
 "Rs, Rupee, Indian Currency")
 "BSE, STOCK MARKETS")
 "share market stock market trading")
 "Sensex, Nifty, stock brokers")
 "Hindustan Zinc")
