The Indian Energy Exchange (IEX) is a power trading exchange in India that is governed by the Central
Electricity Regulatory Commission (CERC). IEX began operating on June 27, 2008. The idea of a power
exchange in India began in 2005, when Financial Technologies Limited and Multi Commodity Exchange
collaborated to develop an application for the establishment of the country’s first power exchange. IEX is
one of India’s two active power exchanges. It has had a significant market share since its inception.