Cross border electricity trade starts

The Indian Energy Exchange (IEX) has initiated cross border trade on its platform, marking the first initiative for Indian exchanges to expand their markets beyond the country. The move follows a similar initiative by Nepal, which started the cross-border power purchase through the spot market on April 17, booking one million units through the ‘day ahead market’ (DAM) trading mechanism.
“We have a unique opportunity to lead the regional power market development and make efforts towards enhancing the energy access and security amongst the neighbouring nations in the region,” S N Goel, Chairman and Managing Director, IEX stated.