Phase IFoundation
Background
Overview
Represents a significant reform in India's energy sector, impacting energy security, economic efficiency, governance, and market transparency. It serves as a case study of applying market mechanisms to a critical natural resource.
Coal exchanges are regulated market-based mechanisms designed for the transparent trading of coal, aiming to enhance price discovery, improve market access, and reduce reliance on opaque bilateral agreements in the energy sector. They function similarly to commodity exchanges but with a specific focus on the physical delivery of coal.