IEX launches cross-border power trading

New Delhi: IEX, India’s largest energy exchange, on Monday kicked off cross-border daily electricity trading on its platform, a move that brings New Delhi’s vision of integrating its neighbourhood into a South Asian power grid as a means to improve energy access in the region a step closer to reality.

Nepal is the first country to put a day-ahead call on the exchange for power from NTPC Vidyut Vyapar Nigam, a subsidiary of India’s largest power producer NTPC.

Cross-border daily trading will unlock the potential of a regional market that could stretch as far as Myanmar. As a surplus country, India is well placed to serve as the regional electricity trading hub.