Power India found that to discuss various issues pertaining to electricity/power trading, representatives of more than 30 power bourses worldwide including Indian Energy Exchange (IEX) will meet during 5 to 7 November 2012.
IEX is co-hosting the annual conference of global power exchanges along with the conference of Association of Power Exchanges (APEx).
The agenda of the meeting includes:
- Topics related to power exchanges and markets globally.
- Impact of the shift towards renewable energy sources following the Fukushima nuclear disaster in Japan.
- Trends in the European power market such as their integration
London-based APEx 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.