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Indian Energy Exchange is the largest power exchange in India licensed and regulated by Central Electricity Regulatory Commission. It provides a platform for physical delivery of electricity, Renewable Energy Certificates and Energy Saving Certificates. It enables efficient price discovery while also increasing the accessibility and transparency in the power markets of India. The company started its operations in 2008. The company is the market leader with close to ~95% market share in electricity trading. The traded electricity volume on the exchange has increased by 32% CAGR since 2008.
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Indian Energy Exchange (IEX) is India's premier power exchange, providing a nationwide automated trading platform for the physical delivery of electricity, renewable energy, and certificates including renewable energy certificates as well as the energy saving certificates. IEX additionally introduced cross-border electricity trade, to expand its market reach beyond India. The exchange platform has been instrumental in providing competitive price discovery, bringing efficiency, transparency, flexibility in procurement and payment security across the power sector value chain.
It has a strong foundation of commercial and industrial users representing various industries such as metal, textile, cement, chemicals, automobiles, information technology, real estate, and several more. By helping discover the most efficient price, IEX enables maximization of social welfare for all the participants.
It is ISO Certified for quality management, information security management and environment management since August 2016. IEX is a publicly listed company with the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) since October 2017 and is approved and regulated by the Central Electricity Regulatory Commission since June 27, 2008.
Business area of the company
Indian Energy Exchange is primarily engaged in spot trading in electricity and trading of Renewable Energy Certificate (REC) and Energy Saving Certificate (ESCerts) and related incidental activities.
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