Indian Energy Exchange (IEX) is India's premier power exchange, providing a nationwide automated trading platform for the physical delivery of electricity, renewable energy, and certificates including renewable energy certificates as well as the energy saving certificates. IEX additionally introduced cross-border electricity trade, to expand its market reach beyond India. The exchange platform has been instrumental in providing competitive price discovery, bringing efficiency, transparency, flexibility in procurement and payment security across the power sector value chain. 

It has a strong foundation of commercial and industrial users representing various industries such as metal, textile, cement, chemicals, automobiles, information technology, real estate, and several more. By helping discover the most efficient price, IEX enables maximization of social welfare for all the participants.

It is ISO Certified for quality management, information security management and environment management since August 2016. IEX is a publicly listed company with the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) since October 2017 and is approved and regulated by the Central Electricity Regulatory Commission since June 27, 2008.

Business area of the company

Indian Energy Exchange is primarily engaged in spot trading in electricity and trading of Renewable Energy Certificate (REC) and Energy Saving Certificate (ESCerts) and related incidental activities.

Segments

• Day Ahead Market
• Green Day Ahead Market
• High Price Day Ahead Market
• Cross Border Electricity Trade
• Real Time Market
• Intra Day, Day Ahead Contingency (DAC), Term Ahead Market
• Green Intra Day, Day Ahead Contingency (DAC), Term Ahead Market
• Renewable Energy Certificates
• Energy Saving Certificates

Awards and accolades

• IEX is respected as an industry leader and statesman, reflected in growing recognition.
  
• Best E-Enabled Consumer Platform -2009 Council of Power Utilities
  
• Best Performing Power Trading Company/ Exchange -2012, 2013 Power line
  
• Best Power Exchange in India - 2012, 2013 and 2014 Enertia Foundation
  
• Innovators in Product and Technology - 2013 Inc. India
  
• Exchange of the Year - 2014 Power Business View
  
• Best Power Exchange -2014 India Power Award (Council of Power Utilities)
  
• Leaders in Power Market Development - 2015 Council of Power Utilities
  
• Best IPO Award (Midcap Category) - 2018 Investor Relations Society (Partnered with BNY Mellon & Bloomberg)
  
• Best CFO Award in 100- 500 turnover category - 2018 The Financial Express
  
• Best Power Exchange in India- First view intelligence award in 2019.
• Conferred ‘Most Promising Company of The Year’ to IEX at the 17th Edition of India Business Leader Awards organised by CNBC TV18 held on April 01, 2021 at Mumbai.
• IGX had the honour of receiving the eminent ‘Best Energy StartUp’ award in the non-renewable category at The Economic Times Energy Leadership Awards 2022.
• IGX honoured of receiving the eminent ‘Excellence in Digitisation (Oil And Gas)’ award at The Economic Times Energy Leadership Awards 2023.
• IGX had the honour to receive the ET Energy Leadership Award in the Energy Startup for Oil and Gas category 2024.

Milestones

• 2008: Launched Day Ahead Market (DAM)
• 2008: Commenced Operations with 58 participants
• 2008: Daily cleared volume in DAM - 20 million units
• 2009: Registered first Open Access Consumer (OA)
• 2009: Introduced Term Ahead Market (TAM)
• 2010: Registered participants in DAM crossed 500
• 2011: Introduced Renewable Energy Certificate (REC) in the market
• 2011: Traded first non-solar REC
• 2012: Introduced 15mins contract in DAM
• 2012: First solar REC trade
• 2012: Signed MOU with PJM Technologies
• 2013: Signed MOU with EPEX SPOT (France)
• 2015: Launched round the clock TAM
• 2016: First Indian energy exchange to get ISO certification
• 2017: Launched Energy Saving Certificate
• 2017: Publically listed its securities
• 2018: Signed MOU with JPEX (Japan)
• 2018: Daily cleared volume in DAM crossed all time high
• 2019: Highest DAM vols in a day reached 306 MU
• 2020: Launched two new bid types and TAM contract enhancements
• 2020: Signed MOU with Power Ledger, Australia
• 2020: Incorporated Indian Gas Exchange (wholly owned subsidiary of IEX)
• 2021: Launch of Cross-Border Electricity Trading (CBET)
• 2021: Launch of Green Day-Ahead Market
• 2021: Introduction of Advance MIP Algorithm
• 2021: Launched Web-based Trading Portal
• 2022: Launch of Term-Ahead Market contracts up to 3 Months.
• 2022: Launch of PowerX, India’s First Electricity Price Index
• 2022: Incorporated International Carbon Exchange (ICX)
• 2023: Launch of High Price Day-Ahead Market (HP-DAM)
• 2023: Launch of High Price Term Ahead Market (HP-TAM)
• 2023: Launch of Ancillary Services
• 2023: Launch of IEX Academy
• 2024: ICX: India's First I-REC(E) issuer approved by I-TRACK Foundation
• 2025: Record Electricity Trade of 121 BU and REC Trade of 178 lakh (FY'25)