Mumbai: The National Stock Exchange of India has successfully launched its NSE Monthly Electricity Futures (ELECMBL) contracts, recording over 4,000 lots traded on its first day.
This represents more than 200 million electricity units, with a total turnover exceeding ₹87.36 crore by 2:00 PM, marking a significant leap in India’s electricity derivatives market.
The volume-weighted average price for the traded contracts stood at ₹4,368/MWh, with the first trade opening at ₹4,430/MWh.
Also Read: India Hits 50 Per Cent Power Capacity from Non-Fossil Fuel Sources, 5 Years Early
Prices have remained stable around ₹4,364/MWh through the trading day, reflecting healthy and diversified participation across sectors.
Participants Included:
- Power generators
- Distribution companies (discoms)
- Large industrial electricity consumers
- Market intermediaries
This newly introduced futures contract aims to provide a transparent and risk-managed hedging tool for stakeholders seeking protection from electricity price volatility.
NSE spokesperson stated: “The successful launch of Monthly Electricity Futures is a transformative step in strengthening India’s power markets. It supports better price discovery, hedging efficiency, and long-term energy procurement strategies aligned with the country’s energy transition goals.”
Also Read: National Solar Energy Federation of India: INR 5 Lakh Crore Worth of RE Projects at Risk
NSE Monthly Electricity Futures Expected to Improve Power Procurement Planning
The NSE Monthly Electricity Futures are expected to improve power procurement planning, reduce financial risks, and deepen the market for electricity trading in India. As India accelerates toward renewable energy and grid modernization, this instrument allows players to better manage fluctuations and secure reliable electricity at competitive rates.
This launch is in line with NSE’s broader commitment to expanding commodity derivatives and offering innovative financial instruments that align with India’s fast-evolving energy and infrastructure needs.
