Assessing energy exchanges

Energy exchanges enable trading in electricity. They connect power producers and power-distribution companies (discoms). Discoms that have a dearth buy power from the producers with surplus through energy exchanges. Energy exchanges are also involved in full settlement process like other exchanges (BSE, NSE and MCX). Additionally, they also deal in power contracts and enable physical delivery of power. IEX, the most important energy exchange, got listed on the Indian exchanges in 2017. It is the only energy exchange with a direct presence in the Indian markets. The trading on IEX differs from that on stock exchanges. On stock exchanges, orders are