The Indian Energy Exchange, India’s premier energy trading platform, has announced the expansion of its delivery based Green Market with the launch of two new products - Green Daily Contract and Green Weekly Contract. 

 

With this launch, IEX Green Market now has four contracts, and offers greater choice to the market participants to buy renewable energy on the same day and upto 11 days ahead.

 

In a first for IEX Green Market, the Daily and Weekly contracts, will enable market participants to trade on an energy basis (MWh) with the bidding taking place on a 15 minute time-block. The trading in trading in energy terms will help to address the intermittency issues involved in renewable energy procurement. Further, this will also assist market participants to minimise deviations as well as related penalties. The energy will be delivered leveraging the national, regional and state level transmission network.

 

Speaking on the launch S. N. Goel, Chairman, Indian Energy Exchange Limited said, “At IEX, we are committed to facilitate India to build a sustainable energy economy through energy markets. We will continue to build and deepen the green market with the introduction of new products.”

 

Powered by state-of-the-art and intuitive technology, IEX Green Market enables trade in renewable energy in an efficient and competitive manner with access to the wide India renewable energy market. The market allows the obligated entities to meet their Renewable Purchase Obligation as well as facilitates efficient and seamless integration of the renewable energy.