Indian Energy Exchange shares market update, achieves highest-ever monthly electricity traded volume in Dec 24

Indian Energy Exchange, India’s premier electricity exchange, achieved the highest ever monthly electricity traded volume of 11,132 MU in December’24, marking a 29% increase on a year-on-year basis. During the month, IEX traded 16.62 lakh renewable energy certificates recording a 58% year-on-year increase. For the nine months of the fiscal year 2025, IEX achieved an electricity traded volume of 88,981 MU, marking a 19% year-on-year increase.

For the third quarter of the fiscal year 2025, IEX achieved an electricity traded volume of 30,464 MU, marking a 16% year-on-year increase. During the quarter, IEX traded 26.52 lakh renewable energy certificates recording a 31% year-on-year increase.

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According to government data published in December '24, the country's energy consumption reached 130.40 BUs, an increase of nearly 6% compared to the previous year. During the month, the Day Ahead Market segment at IEX recorded a robust ~57% YoY increase in supply-side volumes.

This rise in supply helped moderate prices. For December 2024, the Market Clearing Price in the Day Ahead Market was Rs. 3.89/unit, marking a 14% YoY decrease. These prices allowed Discoms and Open Access consumers to replace their costlier power by procuring through exchanges.

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For Q3FY’25, the prices in the Day-Ahead market averaged Rs 3.71/unit, a decline of ~26% YoY, due to the availability of ample supply liquidity. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 781 MU volume during December’24 as compared to 232 MU in December’23, registering an increase of 236% YoY. During Q3FY25, the segment achieved a volume of 2,470 MU, a rise of 305% over Q3FY’24.

A total of 16.62 lakh RECs were traded in the trading sessions held on 11th December ’24 and 26th December’24, at a clearing price of Rs. 260/REC and Rs. 316/REC respectively. REC traded volume in December’24 increased by 58% on a YoY basis. A total of 26.52 lakh RECs were traded during Q3 FY’25, an increase of 31% YoY.

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