IEX platform for renewable power soon
The Indian Energy Exchange (IEX), India’s leading energy exchange, is hopeful of being able to introduce a trading platform for wind and solar power, early next fiscal.
When this happens, wind and solar energy companies who put up plants in future, or those who have some surplus capacity not committed under long-term power purchase agreements (PPA) could sell their electricity on the IEX — which is expected to fetch them a better price.
However, it would need the approval of the federal electricity regulator, the Central Electricity Regulatory Commission (CERC), which “is in an advanced stage,” said Rohit Bajaj, Senior Vice President and Head—Business Development, IEX.
