Now, sell electricity through Multi Commodity Exchange
Kochi: Multi Commodity Exchange of India Limited (MCX) has signed an agreement with the Indian Energy Exchange Limited (IEX).
Once it receives the approval of the central government, MCX will be able to sell electricity through its platform.
Establishments that need electricity can contact electricity producers through MCX platform. Electricity transactions are made through commodity exchanges in some developed countries.
Such a facility will be available in India once the central government approves the agreement between MCX and IEX. MCX has started future trade of energy and natural gas the other day.