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MCX may launch electricity futures

Posted on 07 January 2009

From Business-standard.com: Power producers and consumers may soon have a new hedging tool in the form of electricity futures as Multi Commodity Exchange (MCX) is readying itself to launch the product, and is expecting regulatory approval for the same shortly. The MCX spokesperson was not available for comment.

According to Section 15 of the Forward Contracts (Regulation) Act 1952, futures trading in electricity is permissible. Spot power trading is done on the Indian Energy Exchange (IEX), floated by the FT group, and the Power Exchange of India (PXI), promoted by the National Stock Exchange (NSE) and others….. Full Article: Source


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