Indian Energy Exchange Limited

rs,

Southern Park, District Centre, Saket, New Delhi–110017, India Corporate Office: 9th Floor, Max Towers, Sector 16B, Noida, Uttar Pradesh–201301 , India Tel: +91-011-3044 6511 | Tel: +91-120-4648 100 | Fax

42%

ft Digitisation Intelligent Apps to Optimize Plants and Grid Shifting Energy Mix % Renewable 42% 50% 33% FY 2010 FY 2023 FY 2030 Installed Capacity ➢ 176.5 GW installed renewable capacity

50%

igitisation Intelligent Apps to Optimize Plants and Grid Shifting Energy Mix % Renewable 42% 50% 33% FY 2010 FY 2023 FY 2030 Installed Capacity ➢ 176.5 GW installed renewable capacity (inc

33%

sation Intelligent Apps to Optimize Plants and Grid Shifting Energy Mix % Renewable 42% 50% 33% FY 2010 FY 2023 FY 2030 Installed Capacity ➢ 176.5 GW installed renewable capacity (includin

176.5 GW

Shifting Energy Mix % Renewable 42% 50% 33% FY 2010 FY 2023 FY 2030 Installed Capacity ➢ 176.5 GW installed renewable capacity (including large hydro) in FY23 ➢ India aspires to achieve 500 GW o

500 GW

176.5 GW installed renewable capacity (including large hydro) in FY23 ➢ India aspires to achieve 500 GW of renewable capacity by 2030 3 In this presentation: Sector in Transition Electricity Value

27 GW

6.5 41.8 FY 2030 CEA Proj. 817 267 32.7 506 61.9 Upcoming Coal Cap GW (in next 3 Yrs) 27 GW - ➢ Inter-reg. trans. Cap.: 112.3 GW ➢ 4.72 Lakh CKM of trans. lines ➢ Green Corridor: RE rich

112.3 GW

267 32.7 506 61.9 Upcoming Coal Cap GW (in next 3 Yrs) 27 GW - ➢ Inter-reg. trans. Cap.: 112.3 GW ➢ 4.72 Lakh CKM of trans. lines ➢ Green Corridor: RE rich states; projects for evacuation of RE

4.72 Lakh

506 61.9 Upcoming Coal Cap GW (in next 3 Yrs) 27 GW - ➢ Inter-reg. trans. Cap.: 112.3 GW ➢ 4.72 Lakh CKM of trans. lines ➢ Green Corridor: RE rich states; projects for evacuation of RE into Nation

13.5%

jects for evacuation of RE into National grid ➢ Avg. AT & C Losses: Expected to have declined to 13.5% for FY23 ➢ Reduction in Outstanding dues & ensuring future payments ➢ Liquidity Infusion Scheme

99.9%

FY23 ➢ Reduction in Outstanding dues & ensuring future payments ➢ Liquidity Infusion Schemes ➢ 99.9% times no congestion ➢ Choice to Consumers ➢ Electrification as Decarbonization Lever: EV, Cooki

7%

102 56 113 63 131 67 152 70 168 80 189 89 102 114 123 133 141 157 172 177 CAGR – 7% 211 218 223 226 231 235 236 237 238 FY'10 FY'11 FY'12 FY'13 FY'14 FY'15 FY'16 FY'17 FY'18

“An initial capacity (~ 1000 MW) to be tendered by nodal agency as a pilot project under the single price option.”

“Medium Term Introduction of Standardised Exchange-Based Capacity Contracts: Standardized exchange- based capacity contracts can be introduced for short-term trading of power.”

“of members Active clients 40 200+ Domestic Gas Ceiling Price ➢ Commenced trading on 23rd May’22 ➢ FY’23 Traded Volume: 50.9 Million MMBtu ➢ India’s First Gas Index - GIXI 30 GIXI - IGX Gas Index Launched on 19th December 2022 GIXI represents volume weighted average price for all gas traded on any day (excluding domestic ceiling price gas) GIXI represents prices for all hubs; for regional hubs will be named as GIXI West etc.”

“➢ Will help India achieve its target of reducing the emission intensity of its GDP by 45% by 2030 to limit global warming to 1.5 degrees Celsius.”

In this presentation

6

Bilateral

1

Exchanges

1

In this presentation

Sector in Transition Electricity Value Chain IEX: Who We Are Indian Gas Exchange (IGX) International Carbon Exchange (ICX) Way Forward 2 Sector in Transition Decarbonisation Deployment of Low-Carbon Technologies - Wind and Solar Decentralisation Small-scale Generation Across T&D Network Democratisation Empowered Consumers - Economic Power Shift Digitisation Intelligent Apps to Optimize Plants and Grid Shifting Energy Mix % Renewable 42% 50% 33% FY 2010 FY 2023 FY 2030 Installed Capacity ➢ 176.5 GW installed renewable capacity (including large hydro) in FY23 ➢ India aspires to achieve 500 GW of renewable capacity by 2030 3

In this presentation

Sector in Transition Electricity Value Chain IEX: Who We Are Indian Gas Exchange (IGX) International Carbon Exchange (ICX) Way Forward 4 Electricity Value Chain Generation Transmission Distribution & Consumption Energy Transition World’s largest network Reforms Underway Installed Capacity Total GW Coal Cap GW Coal (%) RE & Hydro GW RE & Hydro % As on 30th Jun’23 422 238 56.3 176.5 41.8 FY 2030 CEA Proj. 817 267 32.7 506 61.9 Upcoming Coal Cap GW (in next 3 Yrs) 27 GW - ➢ Inter-reg. trans. Cap.: 112.3 GW ➢ 4.72 Lakh CKM of trans. lines ➢ Green Corridor: RE rich states; projects for evacuation of RE into National grid ➢ Avg. AT & C Losses: Expected to have declined to 13.5% for FY23 ➢ Reduction in Outstanding dues & ensuring future payments ➢ Liquidity Infusion Schemes ➢ 99.9% times no congestion ➢ Choice to Consumers ➢ Electrification as Decarbonization Lever: EV, Cooking, Traction 50% Non-fossil fuel based Capacity by 2030 One Nation One Grid One Price Regulatory Strengthening 5 Instal

Exchanges

Real Time (1hour) – 90 days 4% 7% DSM 2% Bilateral & Banking Transactions Day Ahead Market, Real Time, Green Market, and Certificates Deviation Settlement/ Unscheduled Interchange Up to 25 years 87% Long-term PPA Source: CERC MMR Report till March’23 8 8 Exchange Markets Growing Fastest Exchanges (BU) Bilateral (BU) CAGR: 14% CAGR: 2.5% DSM (BU) CAGR: 1.3% 101 103 80 56 67 58 60 65 44 48 54 56 25 24 23 23 26 25 FY18 FY19 FY20 FY21 FY22 FY23 FY18 FY19 FY20 FY21 FY22 FY23 FY18 FY19 FY20 FY21 FY22 FY23 Source: CERC, MMR Mar’23 Driven by competition and flexible procurement, the Exchange markets constitute >50% of ST power market. 9 Immense Potential to Deepen India’s Power Market 91% 49% 47% 39% 34% 23% 15% 7% Nordpool Germany UK Netherlands Switzerland Belgium France India Note: Data for India till Mar’23 Source: CRISIL Study Markets are in the range of 30-80% in developed economies. At 7%, India has an opportunity to deepen the power market. 10 Exchanges Share in Short Term Market Excha

In this presentation

Sector in Transition Electricity Value Chain IEX: Who We Are Indian Gas Exchange (IGX) International Carbon Exchange (ICX) Way Forward 13 India’s Premier Technology-led Energy Marketplace ➢ Nation wide, automated and transparent trading platform for physical delivery of electricity, renewables & certificates ➢ Commenced operations in 2008; CERC regulated ➢ Publicly listed company – 2017 (NSE and BSE) ➢ ISO 9001:2015, ISO 27001:2013, ISO 14001:2015 ➢ Overall Electricity Market Share in Q1 FY24: 83.7% ➢ Electricity volume CAGR ~ 30% since 2008 ➢ FY23 Electricity Volume: 96.8 BU Robust Ecosystem 7,500+ Registered participants 4,600+ Commercial & Industries 1,800+ RE Generators & Obligated Entities 600+ Generators 30% Volume Growth CAGR since 2008 60+ Discoms (all) 99% Market Share in DAM 100+ ESCert Entities 100% Market Share in RTM Leading the future of energy with innovation and technology 14 Benefitting Power Sector….and the Nation ➢ Provides benchmark prices for All Electricity Transa

In this presentation

Sector in Transition Electricity Value Chain IEX: Who We Are Indian Gas Exchange (IGX) International Carbon Exchange (ICX) Way Forward 29 Indian Gas Exchange (IGX) VISION To lead India’s transition towards a gas-based economy by architecting next generation solutions for natural gas trading and access 01 03 1st Natural Gas trading exchange 02 Automated platform with cutting edge technology Efficient & transparent market driven price discovery mechanism 04 Indigenous price benchmark 30 IGX – Key Highlights Q1 FY24 Business Updates Strategic Partners Total Volume 4.26 Million MMBtu YoY (%) -9% Total number of trades 163 No. of members Active clients 40 200+ Domestic Gas Ceiling Price ➢ Commenced trading on 23rd May’22 ➢ FY’23 Traded Volume: 50.9 Million MMBtu ➢ India’s First Gas Index - GIXI 30 GIXI - IGX Gas Index Launched on 19th December 2022 GIXI represents volume weighted average price for all gas traded on any day (excluding domestic ceiling price gas) GIXI represents prices for al

In this presentation

Sector in Transition Electricity Value Chain IEX: Who We Are Indian Gas Exchange (IGX) International Carbon Exchange (ICX) Way Forward 35 International Carbon Exchange (ICX) ➢ IEX formed a wholly owned subsidiary – ICX, in December 2022 to promote voluntary carbon market; second diversification initiative after successful launch of IGX in 2020. ➢ Will help India achieve its target of reducing the emission intensity of its GDP by 45% by 2030 to limit global warming to 1.5 degrees Celsius. ➢ Will enable participants to buy and sell voluntary carbon credits at competitive prices through its transparent & reliable Exchange platform, thereby helping large corporates meet their ESG requirements. ➢Today, large part of carbon credits are traded on a bilateral basis, exchange transactions are only 20-25 per cent. ➢Almost 500 million units of carbon credits are traded globally presently. By 2030, this is expected to be almost 1,500- 2,000 million carbon credit units – an increase of 3X/4X in tra