Question
Consider the following statements regarding Indian
Energy Exchange (IEE): I. It is a publicly listed company with National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). II. It is approved and regulated by Central Electricity Regulatory Commission (CERC). III. It is the first and largest energy exchange in India providing a virtual delivery of electricity. Which of the above statements is/are not correct?Solution
Indian Energy Exchange: The exchange platform enables efficient price discovery and increases the accessibility and transparency of the power market in India while also enhancing the speed and efficiency of trade execution. Statement 1 is correct -: It is a publicly listed company with National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Statement 2 is correct -: It is approved and regulated by Central Electricity Regulatory Commission (CERC) and has been operating since 2008. Mission: To leverage technology and innovation to establish transparent and efficient energy marketplaces for delivering affordable, reliable energy to consumers. Statement 3 is not correct -: It is the first and largest energy exchange in India providing a nationwide, automated trading platform for physical delivery of electricity, Renewable Energy Certificates and Energy Saving Certificates. Â
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