Indian Energy Exchange(IEX) Analysis!

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#investing #stocks #IEX

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About -

• IEX is India’s premier energy marketplace, providing a nationwide automated trading platform for the physical delivery of electricity, renewables, & certificates.

• IEX has expanded its reach beyond India to create an integrated South Asian Power Market

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• IEX has a robust ecosystem of 6,800+ participants located across 29 States & 5 UT comprising of 55+ distribution utilities & 500+ conventional generators.

• It has a strong base of 4400+ commercial & industrial consumers from metal, textile, housing , cement etc

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• What is IEX?

The electricity company selling the electricity you are consuming has bought it off the electronic platform run by IEX, the pioneer platform for trading of electricity products.

It has a 90+% share of electricity trading in the country.

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Understanding the relationship between renewable energy & IEX business:

Generation of renewable energy is dependent on nature, which is uncertain. Therefore, it’s producers would prefer to sell in the open market with shorter duration contracts like those traded on IEX.