The Indian Energy Exchange (IEX) is a platform that facilitates the trading of electricity in India. Established in 2008, it allows various participants, including power producers, consumers, and traders, to buy and sell electricity in a transparent and efficient manner. The exchange operates on a market-based mechanism, helping to optimize electricity distribution and pricing. IEX also offers trading in renewable energy certificates and energy saving certificates, promoting sustainable practices in the energy sector. By providing a reliable marketplace, the Indian Energy Exchange plays a crucial role in enhancing the overall efficiency and reliability of India's electricity supply system.