Mumbai, June 9 -- Backed by both SEBI and Central Electricity Regulatory Commission (CERC), this move aims to help power generators, distributors, and large consumers hedge price risks and manage volatility.

It is a big push for efficiency in the power market and aligns with India's goal of becoming a developed, energy-secure nation.

Praveena Rai, MD & CEO, MCX, said: "The introduction of electricity derivatives marks a pivotal development in India's commodities ecosystem. These contracts will offer participants a reliable, transparent, and regulated platform to manage power price risks, which are becoming more dynamic due to renewables and market-based reforms. With India's growing focus on renewable energy and open access power market...