Indian Energy Exchange (IEX) has signed an agreement with Multi Commodity Exchange of India (MCX) giving exclusive rights to the MCX to use the IEX’s electricity clearing prices for settlement of their derivative electricity contracts.
IEX is India’s first and no. 1 electricity exchange. It is a transparent, neutral, demutualised, nationwide, automated, online electricity trading platform. It enables efficient price discovery and price risk management for participants of the electricity market including industries eligible for open access through anonymous platform.