Apr 11: The Indian Energy Exchange (IEX), an electronic system based power trading exchange regulated by the Central Electricity Regulatory Commission (CERC), on Wednesday said that it has entered into a Memorandum of Understanding (MoU) with Japan Electric Power Exchange (JEPX) on 28th March, 2018, for jointly exploring the opportunities of cooperation in electricity market.
According to the company, the intent of the MoU is to share experience and cooperate with each other in respect of technology and in energy market products development.
“The scope of MoU includes opportunities for training to augment the electricity trading through competitive market platforms by organizing knowledge sharing programs. These initiatives would help both the organizations in elucidating the electricity markets and in learning the laws and rules pertaining to electricity trading in both the countries. This collaboration would be beneficial for both the exchanges and for the larger good of the power markets in India and Japan,” the company said.
Speaking on the occasion, SN Goel, Managing Director and CEO, IEX said, “the Power Exchanges in India have high growth potential. As the energy markets in India and Japan both have potential to grow, expand and diversify, I believe this collaboration with JEPX will ultimately benefit overall market development in both countries.”