IEX Records 15.4% Surge In Energy Trade Volume In February

In February of this year, the Real-Time Electricity Market (RTM) volume surged to 2,340 MU, up 36.5 per cent from 1,714 MU in February 2023

Sell bids on the exchange, encompassing both the day-ahead market and real-time market, surged by 47 per cent year-on-year during the month

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The Indian Energy Exchange (IEX) witnessed a 15.4 per cent surge in total energy trade volume in the month of February to reach 9,462 million units (MU) compared to the same period last year. According to an IEX statement, the average market clearing price for energy in the day-ahead market was Rs 4.93 per unit, reflecting a nearly 26 per cent decrease year-on-year, primarily attributed to a jump in sell liquidity.

Sell bids on the exchange, encompassing both the day-ahead market and real-time market, surged by 47 per cent year-on-year during the month. In February 2024, IEX recorded an overall trade volume of 9,462 MU, marking a 15.4 per cent increase compared to the previous year. Specifically, the Day-Ahead Market (DAM) volume stood at 4,722 MU last month, slightly higher than the 4,664 MU recorded in the same month of the previous year.

In February of this year, the Real-Time Electricity Market (RTM) volume surged to 2,340 MU, up 36.5 per cent from 1,714 MU in February 2023. Meanwhile, the Day Ahead Contingency and Term-Ahead Market (TAM), inclusive of contingency, daily, weekly, and monthly contracts up to three months, recorded a total trade volume of 1,487 MU in February, marking a substantial 55.9 per cent increase year on year.

In the same period, the IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved a volume of 298 MU. Within the Green Day-Ahead Market (G-DAM), a volume of 266 MU was attained in February 2024, with a weighted average price of Rs 5.5 per unit. Notably, this segment saw participation from 214 market participants during the month. Additionally, the Green Term-Ahead Market (G-TAM) recorded a volume of 32 MU in February 2024.

Furthermore, on February 14th and 28th, 2024, a total of 6.14 lakh Renewable Energy Certificates (RECs), equivalent to 614 MU, were traded at an average clearing price of Rs 360/REC and Rs 347/REC, respectively.