India’s first power trading app launched

Q.  Which company has launched India’s new and only power trading app?
- Published on 17 May 16

a. Mittals
b. Invetech Solutions
c. Both of the above
d. Neither of the above

ANSWER: Invetech Solutions
 
Domestic power company Mittals Group has launched power trading app called Power Trading Solutions. This is India’s first real time power trading app.
  • App has been developed by company’s own startup Invetech Solutions.
  • Power trading mobile app will take the concept of power exchange to the next level.
  • Power trading has become a major activity in enactment of Electricity Act 2003- one means of selling power is through online bidding in exchanges
  • Two such exchanges are operating in India namely Indian Energy Exchange and Power Exchange India Limited which offer products under DAM/Day Ahead Market, TAM/Term Ahead Market and REC/ Renewable Energy Certificate Trade.

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