Hindustan Power Exchange Limited (HPX) is one of India’s newest and most innovative power exchanges, established in 2018 to transform the country’s electricity market with transparent, technology-driven, and efficient trading solutions. Formerly known as Pranurja Solutions Limited, HPX offers a next-generation marketplace designed to enhance power market accessibility, accelerate renewable adoption, and empower participants with real-time, reliable trading mechanisms.
With the backing of premier institutions—PTC India Ltd., BSE Investments Ltd., and ICICI Bank Ltd.—HPX is redefining how power is traded in India through advanced technology, deep domain expertise, and a robust settlement framework.
A Comprehensive Platform for All Power Market Participants
HPX offers a full suite of electricity trading products engineered to meet diverse procurement and balancing needs:
✔ Day Ahead Market (DAM)
Transparent auctions for next-day electricity delivery.
✔ Term Ahead Market (TAM)
Flexible short-term contracts for planned power needs.
✔ Intra-Day Market (IDM)
Real-time buy/sell options to manage rapid demand fluctuations.
✔ Contingency & Green Contingency Contracts
Critical support for unexpected power shortfalls, including renewable energy-based contingencies.
✔ Renewable Energy Certificates (RECs)
Seamless REC trading to help obligated entities meet renewable purchase obligations (RPOs).
This product basket empowers state utilities, IPPs, traders, DISCOMs, and large industrial consumers to manage energy portfolios with unmatched efficiency and transparency.
Strong Institutional Backing
HPX is promoted by three industry giants:
This exceptional promoter combination provides HPX with market credibility, operational excellence, and financial robustness rarely seen in power exchanges.
Technology-Driven Market Innovation
HPX leverages cutting-edge exchange technology designed for:
A team of experienced power sector professionals ensures regulatory compliance, operational stability, and industry-leading transparency.
Market Position & Future Outlook
Since launching operations, HPX has rapidly emerged as a credible challenger in India’s power trading ecosystem, consistently expanding market share and delivering strong trading volumes. Its focus on innovation, renewable energy products, and participant-centric design positions HPX as a key enabler of India’s evolving electricity market.
With India's push for renewables, market liberalization, and smart grid development, HPX is poised to play a crucial role in shaping a more competitive, efficient, and sustainable power market in the coming decade.
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