An exchange of the future ?
IEX is 1 st and largest energy exchange in India has a market share of 98% in Electricity Exchange Market. IEX started its journey in 2008 as an energy exchange platform. IEX helps in a host of buyers and sellers under one roof thereby ensuring ample liquidity and competition in the marketplace leading to efficient price discovery. IEX also helped in bringing accessibility and transparency in the power market in India, along with enhancing the speed and efficiency of trade execution. Distribution companies, power generators and commercial and industrial consumers representing multiple industries are major participants on IEX. The OAC (Open access customers) are very price elastic on the exchange and their trading volumes depend hugely on the existing exchange rate. A low rate will attract a lot of OAC and a higher rate will push the majority of the OACs IEX and PXIL are the two power exchanges facili...