IEX achieves overall volume of 7,928 MU in Apr, registering 6% increase in volume on y-o-y basis

New Delhi: The Indian Energy Exchange (IEX) said in a statement on Thursday that it achieved an overall volume of 7,928 MU in April. Further, its green market trade volume stood at 280 MU. "Its RECs and lac ESCerts recorded a volume of 199 MU and 123 MU respectively," said the statement. The exchange also reported an increase of six percent in the volume during the month on y-o-y basis.

Supply & sell side liquidity

The exchange further noted that the clearing price also declined by 46 percent on a y-o-y basis to Rs 5.41 per unit from Rs 10 per unit. As per the statement, "improving supply side scenario leading to increased liquidity, as well as cooler weather conditions" were responsible for the decline in prices.

The IEX also said that the sell-side liquidity also improved due to government initiatives to ensure adequate power supply during summers. Further, "the trade commenced at High Price DAM segment, with 193 MWh volume during the month," it added. Due to improved coal supply, the supply-side liquidity will remain intact. Hence, "it will lead to competitive prices and higher clearance for Discoms and Open Access consumers."

Data published by GRID India indicated that energy met in the country during April stood at 130.57 BU, declining 1.1 percent on a y-o-y basis, due to widespread rains.

DAM sees a growth of 8.5% on y-o-y basis

As per the statement by IEX, "The Day-Ahead Market (DAM) volume increased to 4,332 MU in April from 3,993 MU in April 2022, registering a growth of 8.5 percent growth on y-o-y basis due to favourable prices. The average market clearing price was Rs 5.41 per unit during the month, which significantly declined by 46 percent from Rs 10 per unit during April 2022." The Real-Time Electricity Market (RTM) achieved 2,152 MU volume during April this year, registering an increase of 26 percent on y-o-y basis, the statement added. The Term-Ahead Market (TAM) which comprises intra-day, contingency, daily and weekly contracts, and contracts up to 3 months, traded at 842 MU during April, registered a decline of 28 percent on a y-o-y basis, it added.

Green Market

"During the month, Green Day-Ahead Market (G-DAM) achieved 159 MU volume with a weighted average price of Rs 5.68 per unit. The market saw participation from 202 market participants during the month. The Green Term-Ahead Market (G-TAM) achieved 121 MU volume in the month, with an average monthly price of Rs 6.48 per unit for non-Solar and Rs 5.83 per unit for Hydro," IEX said.

1.99 RECs cleared in Apr

"A total of 1.99 lakh RECs were cleared in the trading session at IEX held on April 26 with a cleared price of Rs 1,000 per REC. The next REC trading session at the Exchange is scheduled on May 31," it added. "Around 1.23 lakh ESCerts were traded on IEX, at the floor price of Rs 1,840 per ESCert," it added.

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