MCX Electricity Futures Post Record ₹245 Crore Turnover; Open Interest Hits New Peak
Add Preferred News Source
MCX electricity futures recorded their highest-ever single-day turnover of ₹245 crore on 4 September. Trading volume and open interest also reached record levels.
Multi Commodity Exchange (MCX) electricity futures recorded their strongest trading session to date on 4 September, with turnover reaching a record ₹245 crore as activity in India's electricity derivatives market continued to pick up.
A total of 4.20 lakh megawatt-hours (MWh) was traded during the session, the highest volume recorded since the contract was launched. Open interest, meanwhile, climbed to 1.40 lakh MWh, also a record for the product.
Trading in electricity futures has been gaining ground over the past few months. Average daily volume in FY27, up to 3 September, was 89,213 MWh, against 65,631 MWh in FY26, an increase of about 36%.
Open Interest Rises Sharply
The increase in open interest has been stronger than the rise in volumes.
Average open interest during FY27 so far stood at 76,357 MWh, compared with 52,548 MWh in FY26. That works out to a rise of nearly 45%.
For the electricity futures market, the higher open interest suggests that more participants are keeping positions open rather than limiting their activity to short-term trades. The contract is increasingly being used by market participants to deal with uncertainty around power prices.
Activity Extends To Longer-Dated Contracts
Trading has not remained limited to the nearest expiry. All four available expiry-month contracts have seen activity.
The longer-dated contracts have also become more liquid, giving participants the option to take positions further into the future.
That is particularly relevant for companies and other users exposed to changes in electricity prices. Power producers and buyers can use such contracts to manage price exposure over a longer period instead of relying only on the spot market.
The record 4 September session adds another milestone to MCX's electricity futures segment, where participation and trading activity have continued to increase.
Also Read - Tata Motors Launches €3.82 Billion Tender Offer For Iveco At €14.1 Per Share
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
Right Tools, Rich Insights
