IEX overall trade volume rises 19% to 28,178 million units in Apr-Jun

New Delhi: The Indian Energy Exchange (IEX) on Tuesday posted a 19 percent growth in its overall trade volume to 28,178 million units in the April-June period of FY'25.

The exchange achieved 23,680 million units (MU) overall trade volume in the year-ago period.

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"For the first quarter, IEX achieved electricity volume of 28,178 MU, an increase of 19 percent year-on-year (y-o-y). Total volume for the quarter, including certificates, was at 30,354 MU, up 20.8 percent from 25,125 MU in Q1 FY'24," it said.

In June alone, volume trade was 10,185 MU, 24.7 percent higher from 8,168 MU in June 2023. The total volume in the month, including certificates, increased 19.4 percent to 10,677 MU from 8,946 MU a year ago.

Hot weather conditions led to an unprecedented surge in electricity demand during the first quarter of this financial year. The country's energy consumption of 452 BUs in Q1 FY'25 was 11.2 percent higher compared to Q1 FY'24.

During the quarter, the country's peak demand reached 250 GW, surpassing the previous high of 243 GW recorded in September last year.

"Despite the increase in the electricity consumption, the market clearing price in Day Ahead Market on June 24 was Rs 5.40/unit, similar to last year, however, it was lower by more than 20 percent as compared to prices discovered under bilateral contracts," IEX statement said.

The Day-Ahead Market (DAM) volume increased to 4,849 MU in June from 4,103 MU on June 23, registering an increase of 18.2 percent year-on-year. The Real-Time Electricity Market (RTM) volume increased to 3,213 MU in June 2024 from 2,675 MU in June 2023, registering an increase of 20.1 percent.

A total of 21.12 lakh renewable energy certificates (RECs) (equivalent to 2,112 MU) were traded during Q1 FY'25.

IEX is India's premier electricity exchange, providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates, including renewable energy certificates as well as energy saving certificates.

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