The Indian Energy Exchange (IEX), India’s premier electricity trading platform, reported its highest-ever monthly electricity traded volume of 11,132 million units (MU) in December 2024, marking a significant 29% year-on-year (YoY) growth. The exchange also achieved remarkable milestones in the green energy market and renewable energy certificate (REC) trading during the month.
Key Highlights from December 2024:
- Electricity Traded Volume: Reached 11,132 MU, the highest monthly volume, with a 29% YoY increase.
- Green Market Growth: Achieved a 236% YoY growth in the Green Day-Ahead and Green Term-Ahead markets, trading 781 MU.
- REC Trading: 16.62 lakh RECs were traded in December, reflecting a 58% YoY growth.
Quarter and Nine-Month Performance (Q3 FY25 and 9MFY25):
- Quarterly Electricity Volume: 30,464 MU traded in Q3 FY25, up by 16% YoY.
- Nine-Month Volume: 88,981 MU traded in 9MFY25, with a 19% YoY increase.
- Average Day-Ahead Market Price: Declined to ₹3.71/unit in Q3 FY25, showcasing a 26% YoY reduction.
Segment-wise Updates:
- Day-Ahead Market (DAM): Registered a 39% YoY growth with 6,674 MU traded in December 2024.
- Real-Time Market (RTM): Witnessed a 32% YoY increase, trading 3,180 MU in December 2024.
- Green Day-Ahead Market (G-DAM): Volume surged by 252% YoY to 763 MU in December.
- Green Term-Ahead Market (G-TAM): Registered a 15% YoY growth with 18 MU traded in December.
- Renewable Energy Certificates: Quarterly REC trading rose by 31% YoY, with 26.52 lakh RECs exchanged.
IEX’s robust performance reflects the growing demand for electricity and green energy solutions in India.
