Indian Energy Exchange

Why in news?

• Recently, the managements of power utilities of Telangana (Discoms) were banned from participating in the day ahead market with the Indian Energy Exchange (IEX) for procuring energy.
• They were banned on the grounds of non-payment of dues to GENCOS despite making payments.

About Indian Energy Exchange:

• It is the first and largest energy exchange in India providing a nationwide, automated trading platform for physical delivery of electricity, Renewable Energy Certificates and Energy Saving Certificates.
• The exchange platform enables efficient price discovery and increases the accessibility and transparency of the power market in India while also enhancing the speed and efficiency of trade execution.
• It is a publicly listed company with National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
• It is approved and regulated by Central Electricity Regulatory Commission (CERC) and has been operating since 2008.

PRACTICE QUESTION:

Consider the following statements regarding Indian Energy Exchange:

1. It is the first power exchange in India dedicated exclusively to renewable energy producers

2. It is regulated by Security exchanges board of India (SEBI)

Which of the statements given above is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

               D

">Answer