Indian Energy Exchange trade volume dips by 4% on y-o-y basis

New Delhi: Indian Energy Exchange's total trade volume declined by four percent to 9,212 million units (MU) in March as compared to the same month a year ago. On a month-on-month basis, the trade volume rose by 12 percent, a statement said.

IEX achieved 9,212 MU overall volume in March

Indian Energy Exchange achieved 9,212 MU overall volume in March, including green market trade of 391 MU, 8.69 lakh RECs (equivalent to 869 MU) and 22,881 ESCerts (equivalent to 23 MU), a statement said. The (average spot power) price during March 2023 was Rs 5.25 per unit, lower 23 percent on MoM basis, due to cooler weather conditions, it explained.

IEX achieved 26,052 MU volume across all segments during Q4 FY23

The IEX achieved 26,052 MU volume across all segments during Q4 FY '23 (January-March 2023), growing seven percent over the previous quarter.
Cumulatively for the fiscal year 2023, the IEX traded 96.8 BU (billion units), a degrowth of five percent on y-o-y basis, despite a highly constrained sell-side liquidity, which led to the price increasing by 35 percent on a y-o-y basis, it explained.

DAM volume increased to 4,745 MU in March

The Day-Ahead Market (DAM) volume increased to 4,745 MU in March from 4,664 MU in February, i.e two percent growth on MoM basis due to favourable prices. The DAM segment registered 14,301 MU during Q4 FY23, a marginal one percent decline over Q3 FY23. The segment traded 51,151 MU for the cumulative FY23, lower by 21 percent on a y-o-y basis due to higher prices. The average market clearing price was Rs 5.90 per unit during FY23, higher by 35 percent over FY22 due to a demand-supply mismatch.

The Real-Time Electricity Market (RTM) achieved 2,098 MU volume during March, registering 22 percent MoM growth. The Term-Ahead Market (TAM), comprising intra-day, contingency, daily, and weekly contracts, and contracts up to three months, traded 1,087 MU during March, with a growth of 14 percent on MoM basis. A total of 8.69 lakh RECs (renewable energy certificates) were cleared in the trading session at IEX held on March 29, with a cleared price of Rs 1,000/REC, increasing 133 percent over last month.

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