New Delhi, July 2 After years of delays, India may soon open a derivatives market for the power sector allowing both power generators and consumers to enter into futures contracts and use it as a new hedging tool to mitigate price volatility and other associated risks.
Introduction of pure play futures and options as products on power trading platforms would be a major reform initiative that would help in developing a robust and vibrant energy market. The introduction of the derivative products has got delayed over jurisdictional issues between market regulator SEBI and power regulator CERC.
Sources privy to the development told that Securities and Exchange Board of India
( With inputs from IANS )