IEX

Indian Energy Exchange Ltd. Engages in power exchange business and provides an automated platform for trading of electricity and related products. The company is headquartered in Noida, Uttar Pradesh and currently employs 171 full-time employees. The company went IPO on 2017-10-23. The company offers various trade markets, such as the electricity market, green market, and certificates. The electricity market includes day-ahead market, term ahead market, real-time market, and cross border electricity trade. The green market includes green term ahead market and green day-ahead market. The certificate market includes renewable energy certificates and energy-saving certificates. Its products include day-ahead market, green day-ahead market (G-Dam), term-ahead market, real-time market, green term ahead market, REC market, ESCERTS market, trading calendar, clearing holidays, weekly regional loss. Buyers and sellers electronically submit bids during the market session and the matching of bids is done on a double-sided closed auction mechanism with a uniform market clearing price.