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