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Examoogle • User • info@examoogle.com • EE-2024-8821
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___________ is a power exchange in india
IEX
NLDC
RLDC
CERC
IEX
Quick Summary: IEX (Indian Energy Exchange) is India's premier energy exchange, providing an electronic platform for electricity trading. It facilitates transparent and efficient price discovery for both short-term and long-term power contracts.
IEX (Indian Energy Exchange) is India's premier energy exchange, providing an electronic platform for electricity trading. It facilitates transparent and efficient price discovery for both short-term and long-term power contracts.
MCP=∑Vi∑Pi⋅Vi — Market Clearing Price calculation based on bid quantities and prices
The exchange operates on the principle of 'Double-Sided Closed Auction' for day-ahead markets. Buyers and sellers submit their bids and offers; the exchange matches them based on price-time priority to determine the Market Clearing Price (MCP) and Market Clearing Volume (MCV), ensuring optimal dispatch efficiency.
IEX is regulated by the Central Electricity Regulatory Commission (CERC).
It provides a transparent price signal for electricity as a commodity.
Promotes competition and efficient resource allocation in the power sector.
Transparent price discovery mechanism
Increased market liquidity
Risk mitigation for power procurement
Price volatility due to supply-demand fluctuations
Requires high levels of technical and financial compliance
Day-Ahead Market (DAM)
Term-Ahead Market (TAM)
Green Term-Ahead Market (G-TAM)
Renewable Energy Certificates (REC) trading
NLDC and RLDC are Grid Operations entities, responsible for real-time grid dispatch and reliability, not power trading.
CERC is the statutory body regulating the electricity industry, not an exchange itself.
A is correct — IEX is the primary electronic trading platform in India for the wholesale electricity market.
In competitive exams, remember that Exchange (IEX) is for trading, while NLDC/RLDC (Load Dispatch Centers) are for operational control and grid stability.