Indian Energy Exchange launches real-time electricity market

PUBLISHED:

See more TechGraph stories in your search results.
Google Add TechGraph on Google

India-based electronic systems based power trading platform Indian Energy Exchange Ltd (IEX), has announced the launch of Real-Time Electricity Market (RTM).

In a filing with the BSE, IEX said, “The real-time market is an endeavor by regulator CERC to make the power market dynamic by enabling trade in electricity through half-hourly auctions. There will be 48 auction sessions during the day with a delivery of power within one hour of the bid session.”

- Advertisement -

“The market will aid the distribution utilities to manage power demand-supply variation and meet 24×7 power supply aspirations in the most flexible, efficient, and dynamic way. RTM will facilitate utilities to reduce dependency on deviation framework and save on the penalties,” the filing added.

“This will also support the grid operators to enhance overall safety and security of the grid,” the filing added.

Speaking on the statement, Rajiv Srivastava, CEO & Managing Director, IEX Ltd said, “With the launch of RTM, the Indian energy markets are moving towards global standards of electricity trading and establishing new energy orders in the country. It will support the utilities in reducing dependence on grid deviation framework, of the order of 20 BU in the fiscal year 2020.”

“The primary purpose of the real-time market is to allow utilities to manage their power demand dynamically, save on huge deviation-related penalties, and efficiently integrate renewables. The new market segment will foster greater flexibility, competition, and efficiency in the electricity sector and address the emerging needs of the time,” Srivastava added.

“RTM would also provide an opportunity for generators to sell their unrequisitioned capacity by allowing efficient use of generation capacity,” the filing said.

Stay ahead of the curve, every day.

A daily briefing covering news, interviews, and the trends driving the world forward. Curated for readers who want news, not noise.

We don’t spam! Read our privacy policy for more info.

- Advertisement -
Krishna Mali
Krishna Mali
Founder & Group Editor of TechGraph.

Top Gainers · Global

View all
NamePriceChange
CVSCVS Health $89.13 +4.80%
PYPLPayPal Holdings $55.04 +4.64%
BKNGBooking Holdings $163.95 +4.15%
ABNBAirbnb $157.47 +4.02%
QCOMQUALCOMM $201.97 +3.97%

Latest Stories

Everything About UPI, Teen Patti Variations, and Andar Bahar Tables in 2026

UPI payment methods enable fast deposits at trusted Indian online games featuring Teen Patti variations and Andar Bahar tables. Learn hand rankings, winning odds, side bets, and withdrawal times for secure gaming.

Serhiy Tokarev’s Roosh Ventures Enters Sifted’s Top 50 Ranking

Sifted Ranking: Serhiy Tokarev’s Venture Fund Roosh Ventures Enters the Top 50

How Is AI Creating a New Workplace Divide?

Artificial intelligence is changing the workplace faster than any...

How Digital Payments Fuel India’s IPL Cricket Boom

Anyone who has watched an Indian Premier League (IPL)...

The Biggest Insurance Mistakes Indian Families Continue to Make

Buying insurance in India has never been easier. In...

Related Articles

Everything About UPI, Teen Patti Variations, and Andar Bahar Tables in 2026

UPI payment methods enable fast deposits at trusted Indian online games featuring Teen Patti variations and Andar Bahar tables. Learn hand rankings, winning odds, side bets, and withdrawal times for secure gaming.

Serhiy Tokarev’s Roosh Ventures Enters Sifted’s Top 50 Ranking

Sifted Ranking: Serhiy Tokarev’s Venture Fund Roosh Ventures Enters the Top 50

How Is AI Creating a New Workplace Divide?

Artificial intelligence is changing the workplace faster than any technology we have witnessed in...

How Digital Payments Fuel India’s IPL Cricket Boom

Anyone who has watched an Indian Premier League (IPL) match in a crowded café...

How Causal AI Could Change Financial Decision Making

Every senior finance leader who has sat through more than one board cycle has...

Why India needs AI-powered climate resilience at the local governance level

India does not have one climate typology. It has more than 290 days of...

Keeping Natural Formulas Stable with Biophotonic Glass

Makers of natural products in Northeast Los Angeles spend a great deal of time...

The Rise of the Casual Player: Gaming without the Commitment

When we think about gaming in the past, we often picture people booting up...

Improving Daily Store Operations With Tech: 8 Prime Examples

Nowadays, running a retail store is more demanding than ever. Customers walk in expecting...

The Rise of the Casual Player: Gaming without the Commitment

When we think about gaming in the past, we often picture people booting up...

Improving Daily Store Operations With Tech: 8 Prime Examples

Nowadays, running a retail store is more demanding than ever. Customers walk in expecting...

Choosing an AI Development Partner: 7 Practical Checks

An industrial AI project can produce a convincing demonstration before anyone has answered its...

Javier Olivan Plans $1.04 Million Meta Share Sale

Olivan acquired the shares through restricted stock unit vesting between 2017 and 2026 and has sold nearly 18,800 Meta shares worth approximately $11.57 million over the past three months.

Amazon Inc Raises £4.25 Bn Through Sterling Bond Sale

The offering includes four series of senior notes maturing between 2029 and 2045 and is expected to generate approximately £4.235 billion in net proceeds before offering expenses.

The Biggest Insurance Mistakes Indian Families Continue to Make

Buying insurance in India has never been easier. In just a few taps on a smartphone, anyone can compare plans and purchase coverage within...

Choosing an AI Development Partner: 7 Practical Checks

An industrial AI project can produce a convincing demonstration before anyone has answered its...

Javier Olivan Plans $1.04 Million Meta Share Sale

Olivan acquired the shares through restricted stock unit vesting between 2017 and 2026 and has sold nearly 18,800 Meta shares worth approximately $11.57 million over the past three months.

The Growing Gap Between Education and Employability in Young India

India's demographic dividend has long been regarded as one of our biggest strengths. With...

The Growing Gap Between Education and Employability in Young India

India's demographic dividend has long been regarded as one of our biggest strengths. With...

Amazon Grants 4,086 RSUs to Director Brad Smith

Amazon.com Inc. () director Brad D. Smith has received 4,086 restricted stock units representing...

NVIDIA Awards 172,507 Shares to EVP Nicholas Parker

NVIDIA Corp. () EVP for Worldwide Field Operations Nicholas P. Parker has received 172,507...

Meta CPO Chris Cox Sells Shares Worth $13 Mn

Meta Platforms Inc. () Chief Product Officer Christopher Cox has sold 20,000 shares of...