risk management

  Since 2016–17, India has transitioned from being a net importer to a net exporter of electricity. Yet, the sector remains weighed down by long-term power purchase agreements (PPAs). These PPAs offer stability but also limit flexibility. This article integrates insights from NSE’s Concept Paper on Electricity Derivatives and MCX’s Price Risk Management in the Indian Power Market, alongside details on MCX’s trading framework, to provide a comprehensive analysis of how derivatives are transforming India’s…