New Delhi: Power Exchange India Ltd (PXIL) has upgraded its trading platform, enabling the creation of a real-time power market (RTM) from Monday. The new platform called PRATYAY will allow more flexibility in the tenure of contracts for both buyers and sellers on the exchange.
“The new platform is highly configurable which allows for flexibility in terms of making sure that a contract, tenure, nature and its matching algorithm can be connected to different types of contracts which are available,” said Prabhjit Kumar Sarkar, Managing Director and Chief Executive Officer, PXIL.
The development of RTM is an important milestone as it will allow trading of power on a real-time basis. (IANS)