Indian Energy Exchange

The Indian Energy Exchange (IEX)[1] is an Indian electronic system based power trading exchange regulated by the Central Electricity Regulatory Commission (CERC). IEX started its operations on June 27, 2008.[2] Indian Energy Exchange pioneered the development of power trading in India and provides an electronic platform to the various participants in power market, comprising State Electricity Boards, Power producers, Power Traders and Open Access Consumers (both Industrial & Commercial).

Indian Energy Exchange Limited
TypeStock Exchange
BSE540750
NSEIEX
IndustryElectric utility
Founded2008
HeadquartersNew Delhi, India
ProductsElectrical power
Energy Exchange
ServicesPower Trading
SubsidiariesIndian Gas Exchange
Websitewww.iexindia.com

IEX is one of the two operational Power Exchanges in India. Ever since its incorporation, it has held an influential market share. IEX operates a day-ahead market based on closed auctions with double-sided bidding and uniform pricing;[3] it has over 3,800 registered clients, over 300 private generators and more than 3,300 industrial electricity consumers.

PromotersEdit

63 Moon Technologies Ltd (Formerly known as Financial Technologies India Limited) made an impulsive thrust into India's Power Sector by launching Indian Energy Exchange, along with Power Trading Corporation of India Limited. The aim of the promoters was to magnify the unexplored potential of Indian Power market and abridge the demand supply gap. Thereby creating a marketplace wherein players from different purposes may garner the business potential.

HistoryEdit

The concept of power exchange in India had its genesis in the year of 2005, post which, Financial Technologies Limited and Multi Commodity Exchange together yielded an application for setting up the nation's first power exchange. Since its development on June 9, 2008, IEX had recorded 37.4 million transactions, the same month that electricity prices on the exchange hit a record low 13 paisa/KWh. In November 2009, IEX won Best E-Enabled Customer Platform at the second annual India Power Awards for developing what was described as "a robust platform for energy trading.[4] "

OperationsEdit

IEX was envisioned as a neutral platform where participants from different segments of the sector may participate and utilize the range of products and services to match their needs. The participants are required to bear a membership and participate in the bid for the respective product/service. The exchange has launched a range of products and are broadly classified as:

Day Ahead

Term Ahead

Renewable Energy Certificates

Energy Saving Certificates(Es Certs)

Indian Gas ExchangeEdit

Indian Gas Exchange (IGX) is a wholly owned subsidiary of IEX, which involves in trading spot and forward contracts of Gas.[5]

OperationsEdit

The exchange has over 500 registered clients and 15 members. It currently operates from three physical hubs — Hazira, Dahej and KG Basin.[6]

ShareholdingEdit

Shareholding of IGX as on 10 Mar 2021:[7][8][9]

26% – National Stock Exchange of India

5% – Oil and Natural Gas Corporation

5% – Adani Gas

5% – Torrent Gas

5% – GAIL

Rest – Indian Energy Exchange

ReferencesEdit

  1. ^ "Indian Energy Exchange". Iexindia.com. Retrieved 2012-08-08.
  2. ^ "First Power Exchange starts operations". Dnaindia.com. Retrieved 2017-02-23.
  3. ^ "Trading at Power Exchange" (PDF). iitk.ac.in. Retrieved 2017-02-23.
  4. ^ "Indian Energy Exchange". Iexindia.com. 2009-11-17. Retrieved 2012-08-08.
  5. ^ "About Us | IGX". Retrieved 2021-02-24.
  6. ^ "GAIL acquires IEX's 5% stake in Indian Gas Exchange". The Economic Times. Retrieved 2021-03-10.
  7. ^ Mishra, Twesh (2021-03-10). "NSE becomes co-promoter in IGX, buys 26% stake in gas trading hub". Business Standard India. Retrieved 2021-03-10.
  8. ^ "GAIL acquires IEX's 5% stake in Indian Gas Exchange". The Economic Times. Retrieved 2021-03-10.
  9. ^ Staff Writer (2021-03-10). "ONGC acquires 5% stake in Indian Gas Exchange". mint. Retrieved 2021-03-10.

External linksEdit