Forex

Power Exchange India Ltd, a joint venture of the National Stock Exchange of India and National Commodity & Derivatives Exchange, is expected to be operational within the next few months.
Power Exchange India would function as a nation-wide spot exchange for power, providing a platform for all stakeholders in the sector including generators, distribution companies, independent power producers, captive power producers, and traders.

Initially, the exchange will only trade in day-ahead contracts.

The exchange has opened membership to the exchange in the category of trading members and trading cum clearing members. The fee for trading cum clearing members would include a one time fee of Rs 10 lakh and an annual fee of Rs 2.5 lakh.

The fee for trading members is lower at Rs 5 lakh as one time fee and Rs 1 lakh as annual fee. Members would also be required to keep deposits.