Company Profile
Indian Energy Exchange Limited (IEX) 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.
The Exchange is a publicly listed company with NSE and BSE. IEX is approved and regulated by Central Electricity Regulatory Commission (CERC) and has been operating since June 27, 2008. In August 2016, IEX received three ISO Certifications - ISO 9001:2015 for quality management, ISO 27001:2013 for Information security management and ISO 14001:2015 for environment management.
Business area of the company
The IEX is a Power Exchange, licensed by the Central Electricity Regulatory Commission (CERC) for spot trading in power / electricity and trading of Renewal Energy Certificate (REC) and Energy Saving Certificates (ESCerts). The main activity of the company is to provide an automated platform and infrastructure for carrying out t trading in electricity units for physical delivery of electricity.
Product Segments
Awards and accolades
IEX is respected as an industry leader and statesman, reflected in growing recognition.
Best E-Enabled Consumer Platform -2009 Council of Power Utilities
Best Performing Power Trading Company/ Exchange -2012, 2013 Power line
Best Power Exchange in India - 2012, 2013 and 2014 Enertia Foundation
Innovators in Product and Technology - 2013 Inc. India
Exchange of the Year - 2014 Power Business View
Best Power Exchange -2014 India Power Award (Council of Power Utilities)
Leaders in Power Market Development - 2015 Council of Power Utilities
Best IPO Award (Midcap Category) - 2018 Investor Relations Society (Partnered with BNY Mellon & Bloomberg)
Best CFO Award in 100- 500 turnover category - 2018 The Financial Express
Best Power Exchange in India- First view intelligence award in 2019
Milestones
2008: Launched Day Ahead Market (DAM)
2008: Commenced Operations with 58 participants
2008: Daily cleared volume in DAM - 20 million units
2009: Registered first Open Access Consumer (OA)
2009: Introduced Term Ahead Market (TAM)
2010: Registered participants in DAM crossed 500
2011: Introduced Renewable Energy Certificate (REC) in the market
2011: Traded first non-solar REC
2012: Introduced 15mins contract in DAM
2012: First solar REC trade
2012: Signed MOU with PJM Technologies
2013: Signed MOU with EPEX SPOT (France)
2015: Launched round the clock TAM
2016: First Indian energy exchange to get ISO certification
2017: Launched Energy Saving Certificate
2017: Publically listed its securities
2018: Signed MOU with JPEX (Japan)
2018: Daily cleared volume in DAM crossed all time high
2019: Highest DAM vols in a day reached 306 MU
2020: Launched two new bid types and TAM contract enhancements
2020: Signed MOU with Power Ledger, Australia
2020: Incorporated Indian Gas Exchange (wholly owned subsidiary of IEX)