Latest news with #ElectricityDerivativesContracts
Business Standard
a day ago
- Business
- Business Standard
MCX receives SEBI approval to launch electricity derivatives
The Multi Commodity Exchange of India (MCX) has received approval from the Securities and Exchange Board of India (SEBI) to launch Electricity Derivatives, marking a significant milestone in the evolution of India's Energy trading landscape. This development underscores the strong commitment and support of the Regulators - SEBI and Central Electricity Regulatory Commission (CERC) - in enabling a dynamic and sustainable power market. The Electricity Derivatives Contracts to be introduced by MCX will enable generators, distribution companies, and large consumers to hedge against price volatility and manage price risks more effectively, by enhancing efficiency in the power market. This landmark move positions MCX as a torchbearer of innovation in commodity trading, while reinforcing India's ambition towards sustainable energy and capital market development. It also marks a pivotal step toward deepening India's energy markets and aligns with the broader vision of 'Viksit Bharat'.
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Business Standard
2 days ago
- Business
- Business Standard
VC funds get relief; MCX gets approval for electricity derivatives
The Securities and Exchange Board of India (Sebi) has modified its ex-parte interim order in the IndusInd Bank matter. In theorder, Sebi had stated that KPMG was appointed for an external validation of the discrepancy figures through a 'Board note' dated January 29, 2024. In a corrigendum issued on Friday, the market regulator replaced the term 'Board note' to 'Engagement Note' signed by the CFO and the then MD & CEO, and the deputy CEO. The market regulator had barred five officials from the bank in the alleged insider trading matter. liquidation period for VC funds extended The Sebi on Friday extended the liquidation period for venture capital (VC) funds migrating to the Alternative Investment Funds (AIFs) regulations by one year. The earlier deadline of July 19, 2025 has been extended to July 19, 2026. Sebi had earlier specified that VCFs which have schemes whose liquidation period has expired and are not wound up, and who migrate to AIF regulations will be granted additional period. Sebi has provided the additional period after representations from the industry. The last date of July 19 for legacy VCFs to migrate to AIF norms remains unchanged. Sebi has given approval to Multi-commodity Exchange (MCX) of India to launch electricity derivatives. The Electricity Derivatives Contracts will enable generators, distribution companies, and large consumers to hedge against price volatility and manage price risks more effectively, by enhancing efficiency in the market. 'These contracts will offer participants a reliable, transparent, and regulated platform to manage power price risks, which are becoming more dynamic due to renewables and market-based reforms,' said Praveena Rai, MD & CEO, MCX. BS REPORTER
Economic Times
2 days ago
- Business
- Economic Times
MCX gets Sebi nod to launch electricity derivatives
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel India's largest commodity exchange The Multi Commodity Exchange of India MCX ) on Friday received a Securities and Exchange Board of India ( Sebi ) nod to launch electricity derivatives , a media release said, calling it a significant milestone in the evolution of India's energy trading landscape."This development underscores the strong commitment and support of the Regulators - SEBI and Central Electricity Regulatory Commission (CERC) - in enabling a dynamic and sustainable power market," the exchange filing Electricity Derivatives Contracts to be introduced by MCX will enable generators, distribution companies, and large consumers to hedge against price volatility and manage price risks more effectively, by enhancing efficiency in the power market, the filing said."This landmark move positions MCX as a torchbearer of innovation in commodity trading, while reinforcing India's ambition towards sustainable energy and capital market development. It also marks a pivotal step toward deepening India's energy markets and aligns with the broader vision of ' Viksit Bharat '," it on the development, Praveena Rai, MD & CEO at MCX said that the introduction of electricity derivatives marks a pivotal development in India's commodities ecosystem. She said that these contracts will offer participants a reliable, transparent, and regulated platform to manage power price risks, which are becoming more dynamic due to renewables and market-based launch of electricity derivatives comes in the wake of the country's growing focus on renewable energy and open access power electricity derivatives are expected to serve as a vital bridge between the physical and financial MCX currently offers contracts related to base metals -- zinc, aluminium, copper and lead, bullion (gold and silver), energy (oil and natural gas) and mentha oil.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
2 days ago
- Business
- Time of India
MCX gets Sebi nod to launch electricity derivatives
MCX has received SEBI approval to launch electricity derivatives, marking a major step in India's energy trading evolution. These contracts will help power market participants hedge price risks, support renewable energy goals, and deepen market efficiency in alignment with India's Viksit Bharat vision. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India's largest commodity exchange The Multi Commodity Exchange of India MCX ) on Friday received a Securities and Exchange Board of India ( Sebi ) nod to launch electricity derivatives , a media release said, calling it a significant milestone in the evolution of India's energy trading landscape."This development underscores the strong commitment and support of the Regulators - SEBI and Central Electricity Regulatory Commission (CERC) - in enabling a dynamic and sustainable power market," the exchange filing Electricity Derivatives Contracts to be introduced by MCX will enable generators, distribution companies, and large consumers to hedge against price volatility and manage price risks more effectively, by enhancing efficiency in the power market, the filing said."This landmark move positions MCX as a torchbearer of innovation in commodity trading, while reinforcing India's ambition towards sustainable energy and capital market development. It also marks a pivotal step toward deepening India's energy markets and aligns with the broader vision of ' Viksit Bharat '," it on the development, Praveena Rai, MD & CEO at MCX said that the introduction of electricity derivatives marks a pivotal development in India's commodities ecosystem. She said that these contracts will offer participants a reliable, transparent, and regulated platform to manage power price risks, which are becoming more dynamic due to renewables and market-based launch of electricity derivatives comes in the wake of the country's growing focus on renewable energy and open access power electricity derivatives are expected to serve as a vital bridge between the physical and financial MCX currently offers contracts related to base metals -- zinc, aluminium, copper and lead, bullion (gold and silver), energy (oil and natural gas) and mentha oil.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
