CERC to soon review functioning of power exchanges
Power sector watchdog CERC plans to review regulatory compliance levels and operational efficiencies of the country’s two electricity exchanges as part of efforts to safeguard the interest of stakeholders.
Indian Energy Exchange (IEX) and Power Exchange IndiaLtd (PXIL) are the two functional electricity bourses. Both began their operations in 2008. Under the planned comprehensive ‘health check’ of the bourses, the Central Electricity Regulatory Commission (CERC) would review a slew of factors, including related party transactions and nature of relationship between promoter and the power exchanges.