MCX Electricity Futures recorded record performance on 4 September 2026. Single day turnover stood at ₹245 crore and volume stood at 4.20 lakh MWh, while Open Interest reached an all-time high of 1.40 lakh MWh.
New Delhi: Trading in MCX Electricity Futures set a new record on September 4, 2026. On the day, contract turnover stood at ₹245 crore and volume at 4.20 lakh MWh, while open interest increased to a record high of 1.40 lakh MWh. The increasing trading activity and market participation is seen as a sign of increasing acceptance of electricity futures in the Indian power market.
MCX Electricity Futures trading reached record level
MCX Electricity Futures recorded its highest ever ODI turnover on 4 September 2026. The total turnover of business on the day stood at ₹245 crore, while the volume was recorded at 4.20 lakh MWh. This is an important achievement after the beginning of the contract.
On the same day, Open Interest i.e. OI also increased to a record level of 1.40 lakh MWh. This increase in OI indicates continued increasing market participation and adoption of this contract. The increased activity in electricity futures is providing market participants with better options to manage electricity price risks.
36% increase in average daily volume in FY27
Trading activity in MCX Electricity Futures has been consistently strong compared to the last financial year. The Average Daily Volume (ADV) was 65,631 MWh in FY26, which increased to 89,213 MWh in FY27 by 3 September 2026. In this way an increase of about 36% has been recorded.
The special thing is that active trading has been seen in all four expiry-month contracts of MCX Electricity Futures. This suggests that participation is not limited to near-term contracts, but activity is increasing across the entire contract curve.
Strong growth has also been seen in terms of open interest. Average Open Interest (AOI) was 52,548 MWh in FY26, which increased to 76,357 MWh in FY27 by 3 September 2026. That means an increase of about 45% was recorded.
Increased liquidity across the entire contract curve
Liquidity has also improved in contracts expiring in distant months. Increasing volume and participation across the curve provides market participants with greater flexibility in managing electricity price exposure over the long term.
MCX Electricity Futures also have a strong correlation with the underlying spot market. Futures prices move in line with spot prices and reflect current electricity market fundamentals. This helps in better and efficient price discovery of electricity prices and provides a market-based reference to the market.
Participation of producers and discoms also increased
The scope of market participants participating in this contract is also increasing. There has been an increase in the participation of financial market participants as well as value chain participants. These include power producers, distribution companies i.e. discoms and commercial and industrial consumers.
The increasing activity of these participants strengthens the commercial utility of electricity futures in the Indian electricity market. Additionally, increased participation and liquidity is expected to manage electricity price risk and facilitate more effective price discovery in the market.