Question
Consider the following statements regarding Indian Energy Exchange (IE
- C . 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?
- E : I. It is a publicly listed company with National Stock Exchange (NS
- E and Bombay Stock Exchange (BS
- E . II. It is approved and regulated by Central Electricity Regulatory Commission (CER
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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