PXIL introduces daily, weekly, monthly contracts for electricity tradeIEX - 154 Change: -4.25 (-2.69 %)
Power Exchange of India (PXIL) on Monday launched daily, weekly and monthly contracts for meeting power trading requirements for up to 90 days ahead. The introduction of daily, weekly and monthly contracts is in line with the approval granted by the Central Electricity Regulatory Commission (CERC) on June 7, 2022.
This development will come as negative for IEX that has lately been = struggling to garner volumes. This will eventually lead to more competition in power trading and can challenge IEX market leader status.