From Hindu.com: NCDEX and Forward Markets Commission are at loggerheads with the country’s second largest commodity bourse questioning the market regulator’s authority in dealing with trading in electricity futures.

In a petition with Central Electricity Regulatory Commission (CERC), an NCDEX subsidiary Power Exchange India (PXI) has said electricity was not a commodity and therefore FMC could not have any jurisdiction over its futures trading….. Full Article: Source