A first in India as IEX gets the go-ahead for green energy trading

Indian Energy Exchange (IEX) will commence trading of green energy on its power trading platform, the first such for the country. IEX has received nod from the Central Electricity Regulatory Commission (CERC) to set up a ‘green term-ahead market’. In a statement, IEX said it will offer trade in four types of green term-ahead contracts – Green Intra-day contracts, Day-ahead Contingency contracts, Daily contracts and Weekly contracts.

“There will be separate contracts for solar and non-solar energy,” said the company. IEX already has a platform for trading of ‘Renewable Energy Certificates’. With the green term-ahead market, it would be the first physical trading of renewable energy. IEX said it plans to commence trading from Friday.