Cross border electricity trade through power exchange begins

NEW DELHI : New Delhi: In a boost to India’s efforts to create a regional power grid, cross border electricity trade has started on the Indian Energy Exchange (IEX).

IEX on Monday announced the “commencement of the Cross Border Electricity Trade (CBET)” on its platform. “This is a first-of-its kind initiative for the exchanges to expand their power markets beyond India to the South Asia region towards building an integrated South Asian regional power market,” it said.

This comes against the backdrop of India already notifying cross-border trading regulations. While India has been procuring hydropower from Bhutan, it is also supplying electricity to Bangladesh and Nepal.