- IEX ACHIEVES ALL TIME HIGH MONTHLY ELLECTRICITY TRADED VOLUME OF 11,132MU IN DECEMBER`24, AN INCREASE OF 29% YOY
- IN DEC`24, GREEN MARKET ACHIEVES GROWTH OF 236% YoY
- IN DEC`24, IEX TRADES 16.62 LAKH RECs, UP 58% YoY
- IN 9MFY`25, IEX ACHIEVES 88,981 MU ELECTRICITY TRADED VOLUME WITH 19% YOY GROWTH
- IN Q3FY`25, IEX ACHIEVES 30,464 MU ELECTRICITY TRADED VOLUME WITH 16% YOY GROWTH
- IN Q3FY`25, IEX TRADES 26.52 LAKH RECs, UP 31% YoY
- Q3FY`25, AVERAGE DAM PRICE AT RS 3.71/UNIT, LOWER BY 26% YOY
Mumbai: Indian Energy Exchange, India`s premier electricity exchange, achieved highest ever monthly electricity traded volume of 11,132 MU in December`24, marking a 29% increase on 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 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 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.
According to government data published in December ’24, the country’s energy consumption reached 130.40 BUs, 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 the month of December 2024, the Market Clearing Price in the Day Ahead Market was Rs. 3.89/unit, marking a 14% YoY decrease. These prices presented an opportunity for Discoms and Open Access consumers to replace their costlier power by procuring through exchanges.
For Q3FY`25, the prices in the Day Ahead market averaged Rs 3.71/unit, a decline of ~26% YoY, due to availability of ample supply liquidity.
ELECTRICITY MARKET: DAY- AHEAD, TERM- AHEAD & REAL-TIME MARKET
The Day-Ahead Market (DAM) achieved 6,674 MU volume in Decemeber`24 as compared to 4,798 MU volume in December`23, an increase of 39% YoY. The DAM segment registered total volumes of 16,712 MU during Q3 FY ’25, an increase of 14% over Q3 FY ’24.
The Real-Time Electricity Market (RTM) volume increased to 3,180 MU in December˜24, from 2,405 MU in December’23, registering an increase of 32% YoY. The RTM segment registered volume of 9,322 MU during Q3 FY ’25, increasing 30% over Q3 FY ’24.
Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 498 MU during December `24, lower by 59% on YoY basis. The total volume on the segment during the quarter was 1,960 MU, decline of 49% over Q3 FY`24.
GREEN MARKET: GREEN DAY-AHEAD & GREEN TERM-AHEAD MARKET
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 volume of 2,470 MU, an increase of 305% over Q3FY`24
The Green Day-Ahead Market (G-DAM) achieved 763 MU volume during December`24 with a weighted average price of Rs 3.92 per unit, as compared to 217 MU in December`23, registering an increase of 252% YoY. During Q3FY`25, the segment achieved volume of 2,385 MU, an increase of 311% over Q3FY`24
The Green Term-Ahead Market (G-TAM) achieved 18 MU volume during December`24 with average monthly price of Non-Solar- Rs 5.88/unit, as compared to 15.4 MU in December`23, registering an increase of 15% YoY. During Q3FY25, the segment achieved volume of 86 MU, an increase of 187% over Q3FY`24
RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET)
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 YoY basis. A total of 26.52 lakh RECs were traded during Q3 FY`25, an increase of 31% YoY.
The next REC trading sessions at the Exchange are scheduled on 8th January `25 and 29th January `25.