IEX electricity trade volumes rise 4% to 9,642 MUs in Oct

New Delhi: Indian Energy Exchange's (IEX) total trade volume rose 4 percent year-on-year to 9,642 million units (MU) in October this year.

During the month, the exchange-traded 4.44 lakh renewable energy certificates (RECs), recording a 105 percent year-on-year increase.

It has achieved electricity traded volume of 9,642 million units (MU) in October 2024, marking a 4 percent year-on-year increase, IEX said in a statement.

PSU Watch is now on Whatsapp Channels. Click here to join

A total of 4.44 lakh RECs were traded in the trading sessions held on October 9 and 30 at a clearing price of Rs 110/REC and Rs 120/REC, respectively.

The Day-Ahead Market (DAM) volume declined 7 percent to 4,388 MU in October from 4,742 MU volume in the same month last year.

The Real-Time Electricity Market (RTM) achieved a monthly volume of 3,123 MU in October 2024 compared to 2,402 MU a year ago, a rise of 30 percent.

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 872 MU volume during October 2024 against 188 MU in October 2023.

The Green Day-Ahead Market (G-DAM) achieved 829 MU volume during October 2024 with a weighted average price of Rs 3.60 per unit compared to 181 MU in the year-ago month.

The Green Term-Ahead Market (G-TAM) achieved 43 MU volume during October 2024, with an average monthly price of solar Rs 3.49/unit, non-solar Rs 8.02/unit and hydro Rs 5.03/unit compared to 7 MU in October 2023.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)