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Right policy needed for open access power: Indian Energy Exchange

According to reports, Indian Energy Exchange (IEX) recently organised a workshop on ‘Open Access and Electricity Exchange’ in the city to create a market for power sector in the country and explore available opportunities for all stakeholders.

The power exchange company, IEX, is promoted by Financial Technologies (India) Ltd and PTC Financial Services Ltd.

The workshop laid down the way forward for open access regime in West Bengal. Open access is a framework put down for development of power market and for promoting competition. It enables a consumer to buy electricity from any source. Mr Rajesh K Mediratta, Senior Vice-President, Business Development, IEX, discussed the open access status in the country and how IEX has helped industries procure cheaper power and generators to sell their power at competitive prices.

“Industries and generators from West Bengal can also reap benefit of exchange through open access, given the right policy framework for open access through modifications of WBERC open access regulation,” he said.

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