Rohit Bajaj
Joint Managing Director, Indian Energy Exchange
Notable Quotes
First of all, why, why are you saying that if things don't be go in our favor? Things will definitely go in our favor.
We are not aware about any developments which have taken place so far. To the best of our knowledge, so far, nothing like that has happened.
If you look at the order, the commission has not taken any view regarding the implementation of RTM. They have said that, looking at the time constants and based on the experience, it will be considered.
I can tell you one thing. In the Term Ahead Market, all three exchanges are active, and there also, the price war is not there. I don't see any such situation that after coupling, there will be a price war in the DAM market.
The overall short-term market in India remains stable... the share of power exchanges has grown to 9% of overall generation from 7% in FY 2024.
We are expecting approval for 11-month contracts. If we get that in the next two, three months, then there is additional 40 billion unit annual potential.
I am very sure coupling is not going to happen, so let us not worry about that. And in case coupling happens, we have ways and means to ensure that we are able to retain our market share.
We wanted to be rational in charging our fees.
As India marches towards achieving its net zero target, there is bound to be a growing role of power exchanges in the country's energy landscape, and IEX shall continue to be part of this journey.
We have seen historically, prices are lowest at this particular segment.