On Jun. 27, 2025, IND NSE will launch liquidity enhancement scheme (LES) in electricity futures (monthly base load) with effect from Jul. 11, 2025.
Two market makers (MM1, MM2) will be appointed via competitive bidding for a 6-month term; applicants must meet net worth, disciplinary, sector experience criteria.
MM1 will quote near-month contracts; MM2 will quote next- and far-month contracts.
Minimum quoting and presence requirements apply, with penalties for non-compliance.
MM1 will receive a monthly incentive of INR 85 lakhs, while MM2 will receive INR 45 lakhs per month, both subject to full compliance with their quoting obligations.
Interested applicants can submit their bids on or before Jul. 2, 2025.
Document dated Jun. 27, 2025, received from IND NSE Jun. 30, summarized on Jul. 3
On Jun. 11, IND NSE received approval to launch electricity futures.
IND NSE received IND SEBI approval to launch monthly electricity futures contracts.
Supports India’s power market development and aligns with structural reforms under Electricity act 2003; attracts investment required to meet net-zero emissions target.
Futures will help hedge price volatility, improve price signals, and boost investment.
IND NSE plans to expand into CFDs and long-duration contracts in a phased manner.
Jun. 27, 2025 Liquidity Enhancement Scheme
On Jun. 27, 2025, IND NSE will launch liquidity enhancement scheme (LES) in electricity futures (monthly base load) with effect from Jul. 11, 2025.
Two market makers (MM1, MM2) will be appointed via competitive bidding for a 6-month term; applicants must meet net worth, disciplinary, sector experience criteria.
MM1 will quote near-month contracts; MM2 will quote next- and far-month contracts.
Minimum quoting and presence requirements apply, with penalties for non-compliance.
MM1 will receive a monthly incentive of INR 85 lakhs, while MM2 will receive INR 45 lakhs per month, both subject to full compliance with their quoting obligations.
Interested applicants can submit their bids on or before Jul. 2, 2025.
Document dated Jun. 27, 2025, received from IND NSE Jun. 30, summarized on Jul. 3
