IEX expects green market activity to shift gears; imported coal price, LNG posing a challenge for power sector

On exchange volumes, he said, "IEX in the exchange market is the leader and we have almost about 90 percent plus market share but the share of exchanges in the total power division in the country is only about 7 percent today. It is much lower in India. But if you look at that developed countries, the exchange volumes are almost about 40 to 50 percent- they are very liquid markets, very competitive. Indian government is also now working towards creating more liquidity in the short-term market."

The energy exchange expects to see increased activity in green markets, Goel mentioned. Additionally, he mentioned that IEX is working on new products in the ancillary markets.

He said, "We also started green market where the renewable power can be traded. We also started cross border trading. Because of new products and customer-centric activities carried out by the company, these factors have been responsible for significant volume increase, which was almost about 30-35 percent."

"We are also working on new products in the market. We are working on the ancillary market, we are working on capacity market, the new products, long duration contracts is also one thing which we have applied to the regulator, we are expecting the approval shortly," he said.