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Indian, overseas power exchanges to discuss issues next month

According to reports, representatives from the Indian Energy Exchange and more than 30 power bourses worldwide, including those from the US and Germany, will deliberate on electricity trading and related issues here next month.

IEX, which is co-hosting the annual conference of global power exchanges, today said the three-day programme would also discuss the impact of the shift towards renewable energy sources following the Fukushima nuclear disaster in Japan.

“The conference of Association of Power Exchanges (APEx) will focus on various topics related to power exchanges and markets globally. We will discuss trends in the European power market such as their integration,” IEX Director (Market Operations) Akhilesh Awasthy told reporters.

London-based APExBSE 0.00 % has over 40 members, including IEX. People from over 30 countries such as the US, Australia, New Zealand, France, Germany, Italy, Spain and Norway are expected to participate in the conference from November 5-7.

Indian power market is at a nascent stage and currently there are only two electricity changes — IEX and PXIL.

According to IEX, the daily trading volume of electricity is about 70 to 80 million units. Volumes are growing at an Compound Annual Growth Rate ( CAGR) of about 60 per cent.

IEX Director (Business Development) Rajesh Kumar Mediratta said there is good potential for having a SAARC power trading market, which would help in providing electricity to countries like Bangladesh and Pakistan.

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