Regional Power Trading and Energy Exchange Platforms

Abstract

Abstract South Asia is the home of over 1.6 billion people. The countries in the region are aspiring to become fully developed nations by the middle of this century. Rapid industrialization and attainment of sustainable development goals (SDGs) are important requirement to achieve this goal. South Asian nations thus need secured energy and power generation, distribution and supply. Currently the entire South Asian region is energy deficient. Hence achieving energy security and adequate generation of power pose a major challenge. However, regional and sub-regional collaboration in energy and power can enhance energy security if indigenous energy resources are collectively utilized by the member countries. The recently established Indian Energy Exchange (IEX) aims to facilitate in-country and cross-border power and energy trading. Both power producers and buyers can bid live through the IEX platform. This paper reviews some features of IEX and Australian Energy Market Operator (AEMO) in order to understand the operating mechanism of such energy and power trading platforms.