HPX crosses 2.5 BUs of power trade volume

Hindustan Power Exchange Limited (HPX) has crossed the milestone of 2.5 billion units (BUs) of power traded within 8 months of its launch.

Post crossing the 1 BUs mark within six months of its launch, HPX crossed the 2.5 BUs mark within 67 days with a daily average volume of 18 million units (MUs). A large part of this volume is attributed to the long duration contracts (LDCs) which were introduced on the HPX platform in the month of February 2023. Besides this, the gains can also be attributed to the rapid increase in trade volume across contingency, weekly, and monthly contracts. Further, HPX recently concluded monthly LDCs of 453.7 MU to be delivered in March and April this year. HPX also successfully executed its first electronic reverse auction (e-RA) contract for the Indian Railways, which saw encouraging participation from generators. Since the launch, more than 25+ e-RA tenders have been launched on HPX in just three weeks with the successful execution of 7 e-RAs, and more are in line to be executed.