The exchange has already carried out trading of over 30,000 megawatt hour (mwh), since its inception about 20 days ago, informed Jayant Deo, MD and CEO of IEX.
The Financial Technologies (FTIL) and PTC India promoted platform for online power trading started its operations on 27 last month and the transactions of over 30,000 mwh of electricity traded have taken place in a price range of Rs 6,466-13,700 per mw hour (mwh).
The exchange traded a volume of 7,383 mega watt hour (mwh) yesterday (July 14).
"The establishment of the power exchange is necessary for meeting the demand and supply gap of electricity that exists in the country," Shinde said.
The concept of the energy exchange in India was initiated in March last year when the Central Electricity Regulatory Commission (CERC) received the first application to set up the trading platform.
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CERC however gave its final approval to the formation of the exchange in August.
The key stakeholders in the exchange include Adani Enterprises, Infrastructure Development Finance Company (IDFC), Lanco Infratech, Reliance Energy, Rural Electrification Corporation (REC) and Tata power company.
The exchange is initially trading on a day ahead basis and is proposed to offer week ahead and month ahead products in the future.