The Indian Energy Exchange (IEX) is set to complete its first successful decade of operations on June 27, 2018.
Incepted on June 27, 2008, the Exchange has been playing unique and pioneering role in evolution of the power market. The competitive and robust price discovery coupled with the flexibility of procuring and selling power for each 15 min time block has helped the distribution utilities and large consumers manage their demand more efficiently as well as optimize their cost of procurement.
The power markets as well as the Exchange have indeed come a long way over the last ten years. Presently, the Exchange has 6000+ participants registered across electricity, REC and ESCert segments comprising distribution utilities, generators, large consumers and several renewable energy generators.
To celebrate the occasion, the Exchange is organizing an evening celebration at Hotel Taj Mansingh in New Delhi which would mark the presence of esteemed dignitaries such as: Shri A.K Bhalla, Secretary, Ministry of Power; Shri R.K Verma, Chairperson Central Electricity Authority; Shri R.V Shahi, Former Secretary, Ministry of Power and Chairman of the IEX Advisory Board and Shri Rakesh Nath, Former Member APTEL.
On this momentous occasion, the Exchange aims to launch a special book on 'IEX: Empowering Markets' which examines the sectoral landscape that translated into the landmark Electricity Act, 2003, which laid down provisions for market development in power sector and how this culminated into creation of the exchange in 2008. With a decade of experience and several accomplishments under its belt, the power markets in India are still at nascent stage with vast potential for growth. With enablers such as large addition of generation capacity, robust transmission system and increase in demand for power as undertaken by the Government of India, the market is indeed set for new phase of growth and development going forward.
As another special highlight, the occasion would feature 'IEX Excellence Awards 2018'. Instituted for the first time, through these Awards the Exchange endeavors to recognize, acknowledge its stakeholders including members and clients who have contributed significantly in the journey over the last one decade. The awards have been categorized under ten categories such as: highest electricity volume traded by the distribution company, the generator, the consumer, the fist buyer and sellers on the exchange, the member with highest registered clients etc.
Speaking about the Event MD & CEO, IEX, Mr. S N Goel, MD and CEO of the Company said, "This is truly a very special day for the Exchange as it completes a successful decade of operations. The exchange has been transforming the power market through its pioneering efforts, competitiveness, innovation, state of the art technology, transparent price discovery, flexibility, reliability greatly enhancing the speed and efficiency of trade execution. We will continue to aspire for creating market avenues to take the power market to newer heights in the future."