Indian Energy Exchange (IEX), the country’s largest energy bourses, expects to have participants from neighbouring countries trading on its platform in the next few months. The necessary approvals that would pave the way for Bangladesh and Nepal to purchase electricity from IEX are getting processed. This move would boost cross border exchange of electricity.
Nepal currently imports about 150 MW of electricity while it is around 500 MW for Bangladesh. Purchasing electricity through the exchange would also ensure price discovery through a transparent and neutral platform. IEX would also be having a separate bid area for each country in order to facilitate cross border exchange of electricity.
IEX is the country’s largest power exchange and witnesses an average daily trade of about 80,000 MWh electricity having 96% market share.