The National Stock Exchange (NSE) on Thursday announced that it will launch monthly electricity futures contracts in the next 2–3 weeks, reported the PTI.

The product is aimed at helping power buyers, sellers, traders, industries, and retailers manage electricity price risks.

Harish K Ahuja, NSE’s Head of Sustainability, Power, Carbon Markets and Listing, said, “We have all approvals in place. We are in touch with stakeholders and our team is fully prepared. We will announce the launch date soon,” according to the PTI.