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At a time when the energy landscape in India was rife with inefficiencies and discrepancies between supply and demand, Jignesh Shah‘s Indian Energy Exchange (IEX) brought in a revolution in the whole energy sector by eliminating disruptions, misalignments and energy waste. Established in 2008, IEX became an open-access market mechanism for power trading that enabled the electricity surplus states and electricity deficit states with timely hedging and risk management, which was a common occurrence before the inception of IEX. Jignesh Shah created a technology-enabled, transparent platform for stakeholders to enhance and streamline markets to help promote and strengthen India’s energy security. This blog will describe the history of IEX, the changing landscape of energy trading. Also, Jignesh Shah’s pivotal role in bringing about a modern, inclusive power market.
Jignesh Shah Innovator
Jignesh Shah’s Indian Energy Exchange—A Boon to the Country’s Energy-Starved States