[CABLE NEWS]The India government is considering proposals to allow neighbouring countries like Bhutan to participate in domestic electricity trading, including the largest spot electricity trading platform, the India energy exchange (IEX).This is to deepen the electricity market of the country by increasing the volume of transactions.

One proposal is to allow electricity exporting countries such as Bhutan to participate in the transaction. Therefore, we are considering consultation with the Ministry of foreign affairs. A K Bhalla, director of India Electric Power Bureau, delivered a speech at the 10th anniversary celebration of India energy exchange.

Bhalla added that the government expects more suppliers to enter the system and that the number of registered consumers will increase. "We should do more to deepen the market in order to increase the proportion of electricity traded in the exchange from the current 4% to 6% in a short period of time."

India generates about 120 billion units of electricity annually, about 10% of which are traded on short-term markets. Bilateral trade accounted for 4.7% of the transactions, 4% of the transactions before the day and 1.7% of the deviation from the settlement mechanism.

India imported 5 billion 600 million Taiwan electricity from Bhutan in the last financial year.

Bhalla also said that distribution companies should operate as corporate entities and be listed on exchanges such as the National Stock Exchange (NSE) and the Mumbai Stock Exchange (BSE).