Indian Power Trading sector has come a long way since trading was recognized as a distinct activity in the Indian Electricity Act 2003. By the end of FY 2008-09 the traded volume has increased manifold since 2003. The market has matured in terms of volume traded, number of trading entities and sophistication of the trading instruments. India saw its first online exchange for trading of electricity in 2008 thus further improving the price discovery mechanism. The country today has two operational Power Exchanges which are operating on Day Ahead contracts. The electricity futures have also been introduced on an Indian Commodity Exchange.
These developments in the market open up a new dimension in the Indian energy sector for optimization of Demand and Supply by way of trading. Trading of electric power would help the entities with surplus or deficit power situations to ensure optimal utilization of their resources & create an inter-regional & intra-regional balance in respect of power.
Indiabulls group companies Indiabulls Power Trading Limited and Indiabulls Power Generation Limited have been awarded with Category “A” Interstate Power Trading License by the Hon’ble Central Electricity Regulatory Commission (Vide License No. 32/Trading/CERC dated 12.09.2008 and Vide License No. 33/Trading/CERC dated 12.09.2008). Indiabulls has also been granted a category ‘F’ trading license for intrastate trading in Maharashtra by Hon’ble MERC (Vide License No. 2 of 2008 dated 21st August 2008).
