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Our Bureau

New Delhi , Jan. 19

NATIONAL Thermal Power Corporation, Power Grid Corporation of India Ltd (PGCIL) and Power Trading Corporation (PTC) have decided to work together for establishing a power exchange.

"NTPC, PGCIL and PTC have a consensus to work together for setting up a power exchange," the PTC India Chairman and Managing Director, Mr T.N. Thakur, said on the sidelines of a conference on transmission pricing here on Tuesday.

NTPC has appointed Nord Pool and Crisil as consultants to look into various aspects of the issue, he said, adding that the details could be worked out only after the consultants submit their report.

A power exchange will function on the lines of commodity exchanges like NCDEX or MCX and will provide a common platform to buyers, sellers and traders of electricity.

Mr Thakur said there is still a long way to go before a competitive electricity market could be set up in the country. "At present, we have an imperfect power market and the exchange will come up only when environment is conducive," he said.

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