Indian Energy Exchange shares financial of energy trades
According to government data, for the year, the energy requirement at 1,626 BU grew by 7.5% YoY in 2023-24.
Indian Energy Exchange, India’s premier electricity exchange, achieved 110 BU in FY’24, registering an increase of 13.8% on a YoY basis. Electricity volumes at 101.7BU increased 12% YoY. Additionally, 75.39 lac RECs (equivalent to 7,539 MU) were traded during FY’24. REC traded volume in FY’24 increased 26% year on year.
IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 426 MU volume during March’24, 960 MU in Q4 FY’24, and 3,227 MU in FY’24.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
The Green Day-Ahead Market (G-DAM) achieved 410 MU volume with a weighted average price of Rs 3.81 per unit. The market saw participation from 244 market participants during the month. The G-DAM segment achieved 885 MU during Q4 FY'24 and 2,502 MU during FY’24.
The Green Term-Ahead Market (G-TAM) achieved 16 MU volume in March’24. The G-TAM segment achieved 75 MU during Q4 FY'24 and 725 MU for FY’24
During Q4 FY'24, IEX achieved 30.1 BU volume across all segments, registering an increase of 15.7% on a YoY basis. This volume comprises 25.9 BU from the conventional power market segment, 1 BU from the green market segment, and 32.48 lac Renewable Energy Certificates (RECs) (equivalent to 3.2 BU).
Read Also : Power Grid’s arm Power Grid Raipur Pool Dhamtari Transmission Ltd, commences operation successfullySome key points shared by the company:
IEX DAM Price in FY’24 At Rs. 5.24/UNIT, Reduce 12% YOY
Crosses 100BU in the Electricity market IN FY’24, First time since inception
Achieves Highest Ever Total Volume OF 110 BU IN FY’24, an increase of 14% YOY
Total 83.9 Lac Certificate Traded in FY’24, Increase of 37% YOY
Achieves 30,140 MU Total Volume in Q4FY’24, an increase of 16% YOY
Achieves 9,785 MU Total Volume in March’24, an increase of 6% YOY
Read Also : NTPC Bongaigaon hosted 'NTPC Professional Circle Meet 2025'