IEX Celebrating 6th Anniversary By Launching Mobile Application and Power Market Report
INDIAN ENERGY EXCHANGE LTD. (IEX) India's premier power trading platform Celebrating its 6th Anniversary
June 27, 2014 (Newswire.com) - Indian Energy Exchange (IEX), India's premier power exchange, has launched Mobile App on the occasion of its 6th Anniversary Day celebrations. The App, now available for Android device, grants easy access to real-time price and volume information in the Day-Ahead Power Market besides providing information on REC Market as well as latest notifications and circulars from IEX, thereby strengthening its connect and engagement with the stakeholders, both existing as well as potential. IEX also plans to launch the App for Apple and Blackberry devices within the next few days.
In addition, IEX is also delighted to unveil its comprehensive study in collaboration with Mercados Energy Market India, a reputed primary research organization. Titled 'Indian Power Market: Journey so far and way forward". The Report discusses evolution of exchange-based power markets, their contribution in shaping the Indian power sector, and their potential in a supply-starved economy such as ours. The study discusses the impact of power exchanges - with volumes rising almost 14-folds since inception, translating to a share of 3% in terms of total electricity generated and also advocates the need of prudent reforms such as ancillary services market, capacity market and financial transmission rights. Both the report as well as the Mobile App can be downloaded from the IEX website www.iexindia.com
"Since its inception IEX has been revolutionizing the Indian power market. It is opportune for us to choose our Anniversary day to launch our Mobile App which as this will further redefine our stakeholder experience thereby enabling us to establish a stronger connect with them. This Application will empower our stakeholders to access real-time market information-on-the-go. We would continue to set newer standards in terms of simplifying and widening access of our offerings in a cost-effective yet potent way, using technology as the great leveller", commented Mr. Rajesh K. Mediratta, Director - Business Development, IEX.
The IEX Mobile App (IEX App) offers extensive information on Day-Ahead Market (DAM) in Power- bid details, market clearing price and market clearing volume; area price and volume; REC markets, circulars, landed cost calculator for open access users etc. The users must download the App either by accessing the IEX website (www.iexindia.com) or from their phone respective App Stores. After the APP is downloaded, the user registration information is captured, and subsequently a communication (email and /or sms) is sent to him/her with an activation link/code. The access to the Application is provided only after user activates the access. This registration and activation is a one-time activity per device.
INDIAN ENERGY EXCHANGE LTD. (IEX) is India's premier power trading platform. Providing a transparent, neutral, demutualized and automated platform for physical delivery of electricity, IEX enables efficient price discovery and price risk management for participants of the electricity market, including industries eligible for open access.
Today, over 2600 participants across utilities from 27 States, 5 Union Territories (UTs), 500+ private generators and more than 2300 open access consumers are leveraging the exchange platform to manage their power portfolio in the most competitive and reliable way.