Indian Energy Exchange (IEX), India’s leading electricity exchange, achieved a total monthly volume of 11,370 MU (million units) in September 2024, reflecting a 24% year-on-year (YoY) growth. This includes 10,332 MU of electricity volume, which saw a 21% YoY increase. Renewable Energy Certificates (REC) traded at 1,031 MU, marking a significant 100% YoY growth.
The Day-Ahead Market (DAM) recorded a volume of 4,610 MU in September 2024, a 33% YoY increase, while the Real-Time Market (RTM) saw its highest-ever monthly volume of 3,913 MU, growing by 34% YoY. The price in the DAM was Rs 4.18 per unit, a 33% drop compared to the previous year, while the RTM price stood at Rs 3.98 per unit, down by 28% YoY.
In the Green Market segment, the Green Day-Ahead Market (G-DAM) achieved 712.5 MU in September 2024, with a 408% YoY increase, while the Green Term-Ahead Market (G-TAM) recorded 10.4 MU.
The REC market registered all-time low prices of Rs 110 per certificate during the trading session on 25th September 2024, offering an opportunity for obligated entities like DISCOMS and Captive Power Producers to meet their Renewable Purchase Obligations.
IEX continues to be a key player in India’s electricity market, providing a transparent, automated platform for physical electricity delivery, renewable energy, and certificates trading.
