IEX achieves 9,642 MU Electricity traded volume in October, rising by 4% YOY

Indian Energy Exchange, India’s premier electricity exchange, achieved an electricity traded volume of 9,642 MU in October’24, marking a 4% year-on-year increase. During the month, IEX traded 4.44 lakh renewable energy certificates recording a 105% year-on-year increase.

According to government data published in October 2024, the country's energy consumption reached 140.4 BUs, a marginal increase of 1% compared to the previous year. The Market Clearing Price in the Day Ahead Market at Rs 3.92/unit during October 2024, declined 39% year-on-year.

Similarly, the Market clearing price in the Real-Time Market at Rs 3.77/unit during October 2024, declined 38% year-on-year. These prices present an opportunity for Discoms and Open Access consumers to replace costlier power through purchasing through exchanges.

Join PSU Connect on WhatsApp now for quick updates! Click here

Read Also : Defense Stock, BEML surges over by 4.2%, here is price target for PSU stock

The Real-Time Electricity Market (RTM) achieved a monthly volume of 3,123 MU in October‘24, as compared to 2,402 MU in October'23, registering an increase of 30% YoY.

A total of 4.44 lac RECs, were traded in the trading sessions held on 09th October’24 and 30th October’24, at a clearing price of Rs. 110/REC and Rs. 120/REC respectively.

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 872 MU volume during October’24 as compared to 188 MU in October’23, registering an increase of 364% YoY.

Read Also : Indian Overseas Bank to receive Rs 1,359-crore income tax refund