IEX eyes new tech-based opportunities for next level of efficiency

IEX is the biggest player in spot energy trading with a share of 97 per cent, and with participation of over 6,500 players

Indian Energy Exchange (IEX) looks to tap emerging tech-based opportunities like smart power procurement, analytics, new product development, demand forecasting and use of blockchain and artificial intelligence (AI).

By leveraging technology, IEX aims to scale the next level of optimisation and efficiency in operations.

IEX is the biggest player in spot energy trading with a share of 97 per cent. The energy exchange boasts of participation of over 6,500 players, added up by industries, electricity distribution companies (discoms), thermal power generators, renewable energy generators and obligated entities. IEX recorded a compounded annual growth rate (CAGR) of 16.5 per cent in the volume