Indian Energy Exchange

Indian Energy Exchange (IEX) is an Indian power exchange that runs a nationwide automated trading platform for the physical delivery of electricity, renewable energy and related certificates. The platform is positioned around competitive price discovery, transparency, flexibility and payment security in power procurement, and publishes market indicators such as Day-Ahead Market and Real Time Market price trends in rupees per kilowatt-hour, along with unconstrained Day-Ahead Market clearing price and clearing volume data.

The exchange's ecosystem spans more than 9,000 participants located across 28 states and 8 union territories, including over 75 distribution utilities, more than 1,100 conventional generators, over 2,500 renewable energy generators and obligated entities, and over 5,200 commercial and industrial consumers. Buyers and sellers can join as Full Members, Trader Members or Clients. Alongside continuous market segments, IEX conducts reverse auctions with published auction schedules. Ancillary activities include IEX Academy, sustainability reporting, and a knowledge centre with bulletins, FAQs and utilities such as a landed cost calculator. The company is led by Chairman and Managing Director Satyanarayan Goel and operates from a corporate office at Max Towers, Sector 16B, Noida, Gautam Buddha Nagar, Uttar Pradesh.

Business model

IEX operates as a marketplace intermediary, providing an automated electronic trading platform on which registered members and clients buy and sell electricity, renewable energy and certificates for physical delivery, with membership tiers of Full Member, Trader Member and Client.

Traction

The platform reports over 9,000 participants, including 75+ distribution utilities, 1,100+ conventional generators, 2,500+ renewable energy generators and obligated entities, and 5,200+ commercial and industrial consumers.