INDIAN ENERGY EXCHANGE LIMITED (IEX) is India’s premier power trading platform. Providing an automated platform for physical delivery of electricity, IEX enables efficient price discovery and offers participants the opportunity to trade in a variety of energy products. Our exchange platform increases the accessibility and transparency of the power market in India and enhances the speed and efficiency of trade execution.
Today, more than 6238 participants are registered on our exchange and are located across utilities from 29 States, 5 Union Territories (UTs). Over 4,500 registered participants were eligible to trade electricity contracts and over 4,100 registered participants were eligible to trade RECs, as of March 2018. Out of participants registered to trade electricity contacts include 54 distribution companies, over 450 electricity generators and over 3,900 open access consumers. As of March, 2018 in addition to participants who traded electricity contracts, participants registered to trade RECs included over 1,050 renewable energy generators and over 3,000 industry and corporate customers. The benefiting open access consumers belong to various industries such as metal, food processing, textile, cement, ceramic, chemicals, automobiles, information technology industries, institutional, housing and real estate and commercial entities.
In August 2016, IEX received three ISO Certifications - ISO 9001:2008 for quality management, ISO 27001:2013 for Information security management and ISO 14001:2004 for environment management
Product Segments
Day-Ahead Market (DAM)
Launched in June, 2008, in this segment, participants transact electricity on 15-minutes block basis, a day prior to the delivery of electricity. Both buyers and sellers submit their anonymous bids electronically during the market bid session and matching of bids is done on double sided auction mechanism with uniform market clearing price.
Term-Ahead Market (TAM)
Launched in September 2009, contracts under TAM cover a range for buying/selling electricity for duration up to 11 days. It enables participants to purchase electricity for the same day through intra-day contracts, for the next day through day-ahead contingency, on daily basis for rolling seven days through daily contracts, and on weekly basis through weekly contracts to manage their electricity portfolio for different durations.
Renewable Energy Certificates (REC)
Launched in February 2011, Renewable Energy Certificate market facilitates transaction in environmental attributes. The Renewable Energy (RE) generator can opt to get RECs against green attributes of their generation. These generators can sell RECs through the exchange. On the other hand, the obligated entities-distribution companies, captive plants and open access consumers may opt to purchase RECs to fulfill their Renewable Purchase Obligation (RPO). The renewable energy generators are able to sell electricity to distribution companies at their average power purchase cost, utilize the same for captive consumption, or sell it to third parties, while selling the environmental attribute of the renewable electricity through RECs. The REC Market offers both solar and non-solar RECs.
Energy Saving Certificates (ESCerts)
ESCerts will be the tradable certificates under the Perform, Achieve, Trade (PAT) Scheme of Bureau of Energy Efficiency (BEE), a market-based mechanism to incentivise energy efficiency in large energy-intensive industries. IEX has received necessary regulatory and procedural approval for commencement of trading in ESCerts and is set to soon launch Energy Saving Certificates (ESCerts).