Indian Energy Exchange Limited (IEX) is India's premier power exchange, boasting over 98% market share of electricity trading in the country. Established in 2007 and operational since 2008, IEX offers an automated platform for trading electricity, Renewable Energy Certificates (RECs), and Energy Saving Certificates (ESCerts). Its platform enhances market transparency, accessibility, and trade execution efficiency. Regulated by the Central Electricity Regulatory Commission, IEX is vital to India’s power market, providing services like electronic trade confirmation and risk management.
IEX's milestones include launching the Day-Ahead Market (DAM) in 2009, Renewable Energy Certificates in 2011, and Real-Time Market in 2020. The company has expanded its portfolio with Green Markets and cross-border electricity trade. IEX also engages in technological advancements, such as the introduction of the Mixed-Integer Linear Programming algorithm. Additionally, it holds a significant stake in the Indian Gas Exchange (IGX) and launched PowerX, India's first electricity price index, in 2023.
