India's electricity demand increased 7% in Q3: Indian Energy Exchange

The third quarter has been exceptionally good for the company because electricity demand in India increased by 7 percent, said SN Goel, Chairman of Indian Energy Exchange (IEX), on Friday.

Indian Energy Exchange is an electronic system based power trading exchange regulated by the Central Electricity Regulatory Commission.

Speaking in an interview to CNBC-TV18, Goel said, “We achieved almost 62 percent growth in Q3 mainly because of economic activities taking place in the country, electricity demand also increased by 7 percent and a good part of this incremental demand was supply through the exchange.”

“We also had a good supply of coal at competitive prices. So discovered in the exchange platform was competitive. It provided opportunities to the distribution companies to purchase power and replace costly power from the market,” he said.