Solid foundations?

Indian power trading could be about to enter a new phase with the recent regulatory approval of the country's first power exchange. India's power regulator, Central Electricity Regulatory Commission (CERC), announced 'in principle' approval in September for the creation of a power exchange by Indian Energy Exchange Ltd (IEX), a company promoted by Financial Technology (India) Limited (FTIL) and Multi Commodity Exchange of India Limited (MCX).1

However, there is much unease amongst power market

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