Energy exchange jumps 180% this year as India battles coal crisis

Indian Energy Exchange's platform is used by companies to power their short-term needs.

A bourse with a near monopoly in electricity trading in India is drawing attention as a severe coal crisis and the government’s intent to push ahead with reforms change dynamics in the nation’s power sector.

Shares of Indian Energy Exchange Ltd., whose platform is increasingly being accessed by power producers, distributors and corporates for their short-term energy needs, have soared 181% so far this year. That’s the second-best performance on the S&P BSE India Power Index after Adani Transmission Ltd.

Indian Energy Exchange has outperformed a gauge of power firms this year

IEX’s real-time market product has been a “game changer”