Mumbai, June 12 -- The National Stock Exchange of India (NSE) has received approval from the Securities and Exchange Board of India (SEBI) to launch monthly electricity futures contracts. This development marks a key step toward strengthening India's power markets and advancing the structural reforms outlined in the Electricity Act, 2003.

According to a NITI Aayog report, India's transition to net-zero emissions by 2070 will require annual investments exceeding $250 billion through 2047. By 2030, renewable energy sources like solar and wind are expected to account for over 50% of the country's installed power capacity. A well-developed electricity derivatives market is crucial to attracting both domestic and global capital to support thi...