Latest news with #HarishKAhuja
Time of India
26-06-2025
- Business
- Time of India
Energy sector futures: NSE to launch electricity futures in coming weeks; fees waived for first 6 months
The National Stock Exchange (NSE) is set to launch electricity futures contracts within the next two to three weeks, offering power sector participants a tool to hedge against price volatility. The move comes after the exchange secured all necessary approvals from the Securities and Exchange Board of India (Sebi) last month. The product is designed to serve a wide range of users, including power buyers, sellers, traders, industrial consumers and retailers and enable them to manage electricity price risks more effectively. 'We have all approvals in are talking to all stakeholders. Our internal team is fully 2-3 weeks we will announce the launch date,' said Harish K Ahuja, NSE's head of sustainability, power, carbon markets and listing. Once launched, the contract will become operational within days. Each one-month electricity futures contract will represent 50 MWh, equivalent to 50,000 units of electricity, and will be priced using the 30-day weighted average spot price across three platforms: Indian Energy Exchange Ltd, Hindustan Power Exchange Ltd, and HPL Electric and Power Ltd. The monthly contracts will be available year-round, starting on the first business day of each month and expiring a day before the end of that month. Tick size has been set at Re 1 per MWh, with a maximum order size of 2,500 MWh, PTI reported. To promote the product, NSE will waive transaction charges on electricity futures trades for the first six months following the launch, NSE chief business development officer Sriram Krishnan said. The exchange is also exploring a Contract for Difference (CfD) model to help renewable energy projects achieve predictable revenue streams, a crucial step in India's journey toward its net-zero targets. According to Niti Aayog, India needs over $250 billion in annual investment until 2047 to meet its decarbonisation goals. By 2030, renewable energy is expected to make up more than half of the country's installed power capacity. A vibrant and efficient electricity derivatives market is key to drawing in the scale of climate finance India needs, both from within the country and from global investors. As the first Indian stock exchange to set up an electricity trading platform with the launch of Power Exchange India Limited (PXIL) in 2008, NSE brings deep expertise in both spot and derivatives markets. This experience puts it in a strong position to develop a well-integrated and liquid electricity derivatives ecosystem. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
26-06-2025
- Business
- Time of India
NSE to launch monthly electricity futures in next 2-3 weeks
National Stock Exchange (NSE) will soon introduce electricity futures. This allows managing price risks for power stakeholders. Approvals are in place and the launch is expected in 2-3 weeks. Monthly contracts will be available. Transaction charges will be waived for the first six months. The goal is to boost renewable energy investment. This aligns with India's net-zero emissions target. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The National Stock Exchange NSE ) on Thursday said it will launch electricity futures contract - a product which will allow power buyers, sellers, traders, industrial and retailers to manage price risks - in the next 2-3 weeks."We have all approvals in are talking to all stakeholders. Our internal team is fully 2-3 weeks we will announce the launch date," NSE head of sustainability, power, carbon markets and listing Harish K Ahuja electricity futures contract will become functional on the NSE within a few days of the announcement of the launch monthly contract will be available throughout the year, he said, adding, it will commence on the first business day of every month and expire a day before the contract promote the product, NSE Chief Business Development Officer Sriram Krishnan said the exchange plans to waive off transaction charges on trading of electricity futures contracts for the first six months after lot size of the one-month electricity futures contract will be 50 MWh, which is equivalent to 50,000 units of electricity in one price will be decided by taking the 30-day weighted average spot price of the three energy exchanges - Indian Energy Exchange Ltd , Hindustan Power Exchange Ltd and HPL Electric and Power monthly electricity contracts will have 50MWh as the trading unit, Re 1 per MWh as tick size and the maximum order size of 2,500 the NSE is exploring a contract for difference (CfD) that enables renewable projects to achieve stable month, NSE received approval from the Securities and Exchange Board of India (Sebi) to launch monthly electricity futures journey toward achieving its net-zero emissions target demands substantial investment, estimated at over USD 250 billion year-on-year till 2047 as per the Niti Aayog 2030, renewable energy sources such as solar and wind are expected to contribute over 50 per cent of the nation's installed power capacity.A robust and dynamic electricity derivatives market is essential to attract this scale of climate finance from both domestic and global was the first stock exchange in India to establish an electricity exchange, launching Power Exchange India Limited (PXIL) in 2008. Our strong understanding of both spot and derivatives markets uniquely positions us to build an integrated and liquid electricity derivatives market. PTI
Economic Times
26-06-2025
- Business
- Economic Times
NSE to launch monthly electricity futures in next 2-3 weeks
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The National Stock Exchange NSE ) on Thursday said it will launch electricity futures contract - a product which will allow power buyers, sellers, traders, industrial and retailers to manage price risks - in the next 2-3 weeks."We have all approvals in are talking to all stakeholders. Our internal team is fully 2-3 weeks we will announce the launch date," NSE head of sustainability, power, carbon markets and listing Harish K Ahuja electricity futures contract will become functional on the NSE within a few days of the announcement of the launch monthly contract will be available throughout the year, he said, adding, it will commence on the first business day of every month and expire a day before the contract promote the product, NSE Chief Business Development Officer Sriram Krishnan said the exchange plans to waive off transaction charges on trading of electricity futures contracts for the first six months after lot size of the one-month electricity futures contract will be 50 MWh, which is equivalent to 50,000 units of electricity in one price will be decided by taking the 30-day weighted average spot price of the three energy exchanges - Indian Energy Exchange Ltd , Hindustan Power Exchange Ltd and HPL Electric and Power monthly electricity contracts will have 50MWh as the trading unit, Re 1 per MWh as tick size and the maximum order size of 2,500 the NSE is exploring a contract for difference (CfD) that enables renewable projects to achieve stable month, NSE received approval from the Securities and Exchange Board of India (Sebi) to launch monthly electricity futures journey toward achieving its net-zero emissions target demands substantial investment, estimated at over USD 250 billion year-on-year till 2047 as per the Niti Aayog 2030, renewable energy sources such as solar and wind are expected to contribute over 50 per cent of the nation's installed power capacity.A robust and dynamic electricity derivatives market is essential to attract this scale of climate finance from both domestic and global was the first stock exchange in India to establish an electricity exchange, launching Power Exchange India Limited (PXIL) in 2008. Our strong understanding of both spot and derivatives markets uniquely positions us to build an integrated and liquid electricity derivatives market. PTI
