IEX Total Trade Volume Jumps 18% To 9,136 Million Units In November
The exchange had recorded total trade volume of 7,764 MU in November 2022, as per IEX data.
The Indian Energy Exchange (IEX) on Monday posted 17.5% growth in its overall trade volume to 9,136 million units (MU) in November 2023 as compared to the year-ago period.
The exchange had recorded total trade volume of 7,764 MU in November 2022, as per IEX data.
"IEX achieved 9,136 MU overall volume, including 7.55 lakh Renewable Energy Certificates (RECs) (equivalent to 755 MU), marking a 17.5% increase on YoY (year-on-year) basis," an IEX statement said.
IEX achieved 8,371 MU total electricity volume in November 2023, registering an increase of 13% on YoY basis.
Market clearing price in Day Ahead Market (DAM) during November 2023 was Rs 3.98 per unit, down 13% year-on-year, due to various factors including lower demand owing to festive season, temperature drop and improved sell side liquidity on the exchange, it stated.
Price on the exchange has been experiencing a downward trend and the average monthly price is at its lowest level this financial year, offering an opportunity for discoms and industrial consumers to optimize their power procurement costs, it explained.
The DAM volume was at 5,144 MU in November 2023, as compared to 5,087 MU in November 2022.
The Real-Time Electricity Market (RTM) volume increased to 2,359 MU in November 2023, from 1,407 MU in November 2022, registering an increase of 68% YoY.
The RTM segment enables distribution utilities and industries with greater flexibility and efficient optimisation of portfolios by balancing their power- demand supply on a real-time basis.
Day Ahead Contingency and Term-Ahead Market (TAM), comprising contingency, daily & weekly and monthly contracts up to 3 months, traded 679 MU during November 2023, higher by 24% on YoY basis.
IEX Green Market, comprising Green Day-Ahead and Green Term-Ahead Market segments, achieved 189 MU volume during November 2023.
