Indian Energy Exchange (IEX)

Few other interesting points in the call apart from those stated above:

1. Growth of exchange is 2.7 times growth of power market in India.
2. Market penetration of exchanges increases significantly after renewable share in overall energy mix crosses 20% (This has happened in India).
3. Discom losses have come down below 15%. Many discoms have seen their credit ratings improve.
4. TAM upto 11 Months to be allowed on exchange. This will add another 40 BU to market size of exchange.
5. Generators are now required to offer unrequisitioned power on exchange.
6. Battery energy storage system(BESS) costs have reduced drastically. Charging (Non-Peak) and Discharging (Peak Hours) of BESS can be done through Exchanges.

Disc: Invested