Indian Energy Exchange

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Indian Electrical power company

Indian Energy Exchange LimitedCompany type| Public

|

Traded as

| BSE: 540750
NSE: IEX
Industry| Power exchange
Founded| 2008
Headquarters| New Delhi, India
Products| Electrical power
Energy exchange
Services| Power trading
Revenue|  ₹474 crore (US$55 million) (FY23)[1]

Net income

|  ₹305 crore (US$35 million) (FY23)[1]
Subsidiaries| Indian Gas Exchange
Website| www.iexindia.com

The Indian Energy Exchange (IEX)[2] is an Indian electronic system based power trading exchange regulated by the Central Electricity Regulatory Commission (CERC). IEX started its operations on 27 June 2008.[3] Indian Energy Exchange pioneered the development of power trading in India and provides an electronic platform to the various participants in power market, comprising State Electricity Boards, Power producers (Gencos), Power traders, and Open Access Consumers (both Industrial & Commercial).

IEX is one of the two operational Power Exchanges in India. Ever since its incorporation, it has held an influential market share. IEX operates a day-ahead market based on closed auctions with double-sided bidding and uniform pricing;[4] it has over 3,800 registered clients, over 300 private generators, and more than 3,300 industrial electricity consumers.

## Promoters

[edit]

63 Moon Technologies Limited made an impulsive thrust into India's Power Sector by launching the Indian Energy Exchange along with PTC India. The aim of the promoters was to magnify the unexplored potential of the Indian Power market and abridge the demand supply gap. Thereby creating a marketplace wherein players from different purposes may garner business potential.

## History

[edit]

The concept of power exchange in India had its genesis in the year of 2005, post which, Financial Technologies Limited and Multi Commodity Exchange together yielded an application for setting up the nation's first power exchange. Since its development on 9 June 2008, IEX had recorded 37.4 million transactions, the same month that electricity prices on the exchange hit a record low 13 paisa/KWh. In November 2009, IEX won Best E-Enabled Customer Platform at the second annual India Power Awards for developing what was described as "a robust platform for energy trading.[5]

## Operations

[edit]

IEX was envisioned as a neutral platform where participants from different segments of the sector may participate and utilize the range of products and services to match their needs. The participants are required to bear a membership and participate in the bid for the respective product/service. The exchange has launched a range of products and are broadly classified as: Day Ahead, Term Ahead, Renewable Energy Certificates, and Energy Saving Certificates(Es Certs)

## Indian Gas Exchange

[edit]

Indian Gas Exchange (IGX) is a wholly owned subsidiary of IEX, which involves in trading spot and forward contracts of Gas.[6] The exchange has over 500 registered clients and 15 members. It currently operates from three physical hubs — Hazira, Dahej and KG Basin.[7]

### Shareholding

[edit]

Shareholding of IGX as on 10 Mar 2021:[8][9][10]

26% – National Stock Exchange of India

5% – Oil and Natural Gas Corporation

5% – Adani Gas

5% – Torrent Gas

5% – GAIL

Rest – Indian Energy Exchange and other Investors

## References

[edit]

1. ^ a b "Indian Energy Exchange Ltd posts Rs. 88.33 crores consolidated PAT in Q4 FY2023". EquityBulls. 25 May 2023. Retrieved 27 June 2023.
2. ^ "Indian Energy Exchange". Iexindia.com. Retrieved 8 August 2012.
3. ^ "First Power Exchange starts operations". Dnaindia.com. Retrieved 23 February 2017.
4. ^ "Trading at Power Exchange" (PDF). iitk.ac.in. Retrieved 23 February 2017.
5. ^ "Indian Energy Exchange". Iexindia.com. 17 November 2009. Retrieved 8 August 2012.
6. ^ "About Us | IGX". Retrieved 24 February 2021.
7. ^ "GAIL acquires IEX's 5% stake in Indian Gas Exchange". The Economic Times. Retrieved 10 March 2021.
8. ^ Mishra, Twesh (10 March 2021). "NSE becomes co-promoter in IGX, buys 26% stake in gas trading hub". Business Standard India. Retrieved 10 March 2021.
9. ^ "GAIL acquires IEX's 5% stake in Indian Gas Exchange". The Economic Times. Retrieved 10 March 2021.
10. ^ Staff Writer (10 March 2021). "ONGC acquires 5% stake in Indian Gas Exchange". mint. Retrieved 10 March 2021.

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Legislation & regulation

| Banking|

| Authorities
& boards|

| Central bank|

* Reserve Bank of India

|

Other|

* IFSCA
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Legislation|

| In force|

* Reserve Bank of India Act, 1934
* Government Securities Act, 2006
* The State Bank of India Act, 1955
* The Banking Companies (Acquisition And Transfer Of Undertakings) Act, 1970
* Banking Regulation Act, 1949
* International Financial Services Centres Authority Act, 2019

|

Repealed|

* Public Debt Act, 1944

Asset
management|

| Legislation|

* The Unit Trust of India Act, 1963
* Indian Registration Act, 1908

|

Other regulations|

* SEBI (Mutual Funds) Regulations, 1993

Insurance|

| Authorities & boards|

* IRDAI
* Insurance Association of India
* Life Insurance Council
* General Insurance Council

|

Legislation|

| In force|

* Insurance Act, 1938
* Industrial Policy Resolution of 1956
* Life Insurance Corporation Act, 1956
* Insurance Regulatory and Development Authority Act, 1999
* The General Insurance Business (Nationalisation) Act, 1972

|

Repealed|

The British Insurance Act, 1870

Financial
markets|

| Authorities & boards|

* SEBI
* Securities commission
* Forward Markets Commission

|

Legislation|

| In force|

* SEBI, Act 1992
* Forward Contracts (Regulation) Act, 1952
* The Securities Contracts (Regulation) Act, 1956

|

Alternative
financial
services|

| Authorities & boards|

* NHB

|

Legislation|

| Microfinance|

* Tamil Nadu Money-Lenders Act, 1957
* The Bombay Money-Lenders Act, 1946
* The Karnataka Money-Lenders Act, 1961
* The Kerala Money-Lenders Act, 1958
* Bengal Money-Lenders Act, 1940
* The Rajasthan Money-Lenders Act, 1963

|

Other|

* Multi-State Cooperative Legislation Act, 2002
* Mutually Aided Cooperative Acts
* The National Housing Bank Act, 1987
* The Chit Funds Act, 1982

Alternative
investment
funds|

| Authorities & boards|

* Indian Association of Alternative Investment Funds (IAAIF)

|

Legislation|

* Indian Trusts Act, 1882

Regulations|

* SEBI (Venture Capital Funds) Regulations, 1996
* SEBI AIF Regulations, 2012
* SEBI (Investment Advisers) Regulations 2013

* v
* t
* e

Commodity exchanges in India

* Bharat Diamond Bourse
* India International Bullion Exchange
* Indian Energy Exchange
* International Pepper Exchange
* Multi Commodity Exchange
* National Commodity and Derivatives Exchange
* National Spot Exchange
* Surat Diamond Bourse
* Universal Commodity Exchange

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