IEX launches two new contracts for renewable energy trading
4 years, 3 months ago

IEX launches two new contracts for renewable energy trading

Live Mint  

Power trading platform Indian Energy Exchange has expanded its delivery based green market with the launch of two new products - Green Daily Contract and Green Weekly Contract. With this launch, IEX Green Market now has four contracts, and offers greater choice to the market participants to buy renewable energy on the same day and upto 11 days ahead. IEX’s green market was in September last year, and has cumulatively traded 459 million units so far, comprising 404 MU under Solar and 55 MU under Non-Solar segments within 100 days since commencement of trading. Moreover, with an average price of ₹3.47 per unit in the solar and ₹3.77 per unit in the non-solar segments, the market offers an attractive avenue to the market participants for renewable energy procurement, the press release said.

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Indian Gas Exchange plans to offer 3-6 month contracts
2 months, 2 weeks ago

Indian Gas Exchange plans to offer 3-6 month contracts

The Hindu  

“The Indian Gas Exchange has sought regulatory approvals to launch 3-6 month gas contracts benchmarked to international gas prices,” its chief executive Rajesh Kumar Mediratta said. “This partnership aims to strengthen India’s gas market by leveraging CEGH’s European market expertise and IGX’s deep-expertise in the Indian gas market,” he said. Key focus areas of the MoU include trading of natural …

Indian Energy Exchange share price slumps over 5% today, here’s why
1 year, 1 month ago

Indian Energy Exchange share price slumps over 5% today, here’s why

Live Mint  

The shares of Indian Energy Exchange experienced a nearly 4.8 percent decline intraday following an announcement by the Central Electricity Regulatory Commission regarding the initiation of a shadow pilot program on market coupling for India's power exchanges. According to a notice issued on February 6 by the CERC, Grid India will develop the necessary software within the next two months …

IEX clocks 19% volume growth in July
1 year, 7 months ago

IEX clocks 19% volume growth in July

Live Mint  

New Delhi: Indian Energy Exchange reported a 19% year-on-year growth in trading volumes for July at 8,522 million units, hinting at the robustness of Indian energy market. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, saw 275 MU in volumes during July. The Green Day-Ahead Market achieved 213 MU volume during the month, with a weighted …

IEX becomes India’s first carbon-neutral power exchange
2 years, 3 months ago

IEX becomes India’s first carbon-neutral power exchange

Live Mint  

New Delhi: Energy trading platform Indian Energy Exchange became the country’s first carbon-neutral power exchange, using market based tradable instruments to offset its carbon emissions, the company said in a statement on Wednesday. “To reduce its carbon footprint, IEX voluntarily cancelled CERs from clean projects registered under the Clean Development Mechanism of United Nations Framework Convention on Climate Change,” it …

IEX gets CERC approval to launch green energy market
4 years, 7 months ago

IEX gets CERC approval to launch green energy market

Live Mint  

The Indian Energy Exchange has got approval from the Central Electricity Regulatory Commission to launch green term-ahead market on its platform. "The introduction of green markets on the exchange platform is a significant milestone which will go a long way in facilitating consumers make a choice, accomplishment of national green capacity targets, and enabling the integration of renewable energy in …

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