Indian Energy Exchange
2022 AUG 23
Preliminary >
Economic Development > Indian Economy and Issues > infrastructure
Why in news?
- Recently, the managements of power utilities of Telangana (Discoms) were banned from participating in the day ahead market with the Indian Energy Exchange (IEX) for procuring energy.
- They were banned on the grounds of non-payment of dues to GENCOS despite making payments.
About Indian Energy Exchange:
- It is the first and largest energy exchange in India providing a nationwide, automated trading platform for physical delivery of electricity, Renewable Energy Certificates and Energy Saving Certificates.
- The exchange platform enables efficient price discovery and increases the accessibility and transparency of the power market in India while also enhancing the speed and efficiency of trade execution.
- It is a publicly listed company with National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
- It is approved and regulated by Central Electricity Regulatory Commission (CERC) and has been operating since 2008.
PRACTICE QUESTION:
Consider the following statements regarding Indian Energy Exchange:
1. It is the first power exchange in India dedicated exclusively to renewable energy producers
2. It is regulated by Security exchanges board of India (SEBI)
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
D
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