New Delhi, June 25 -- The National Stock Exchange (NSE) is expected to launch a cash-settled monthly electricity futures contract, according to a senior executive at India's largest bourse.

The date of launch of the monthly electricity contract will be announced in the next two-three weeks, said Harish Ahuja, head of sustainability, power/carbon, markets, listing at NSE, on Wednesday.

NSE received the approval from the market regulator on 11 June to launch electricity derivatives. These financial contracts help power companies and other electricity buyers protect themselves from sudden price changes.

The monthly contract will be available for all 12 months of the year, said Ahuja in a media roundtable. It will commence on the first bus...