The Indian Energy Exchange (IEX) on Monday said it has commenced cross border trade on its platform, marking the maiden initiative for Indian exchanges to expand their markets beyond the country.
According to sources, Nepal started the cross-border power purchase through the spot market on April 17, booking one million units through the ‘day ahead market’ (DAM) trading mechanism.
To enable cross border electricity trade, the Central Electricity Regulatory Commission had revised regulations in March 2019 after the power ministry issued fresh guidelines for cross-border trade in December 2018, where it had removed certain restrictive riders and paved the way for electricity trading in the more attractive DAM.
