New Delhi: The total electricity trade volume on Indian Energy Exchange (IEX) has registered a nine percent year-on-year growth to 7,392 million units (MU) in November. The overall consumption of energy has grown by 13 percent year-on-year (y-o-y) to 113 billion units (BU) during November, IEX said in a report on Monday.
“The total electricity volume traded in November was 7,392 MU, an increase of 9 percent on y-o-y basis.” it said. However, the overall electricity trade volume including the Green Power trade and RECs stood at 7,764 MU in November, registering a fall of 16 percent y-o-y, it added. Further, the report attributed the fall to “exceptionally high REC volumes of 24.4 lakhs to fulfil the pent-up demand caused by a 16-month gap of trading.”
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As per National Load Dispatch Center (NLDC), the energy consumption stood at 113 BU during November, up by 13 percent over the same month in 2021. In the Day Ahead Market (DAM), despite increased prices, the volume increased by 8 percent y-o-y, and 18 percent on m-o-m basis, to reach 5,084 MU in November.
RTE gained 1,407 MU vol, TAM traded at 547 MU & Green Day-Ahead Market achieved 288MU vol
The Real-Time Electricity (RTE) market achieved 1,407 MU volume during the month, registering a 7 percent y-o-y growth. There were 678 participants in this segment during the month. The Term-Ahead Market (TAM) traded at 547 MU during the month, up by 81 percent over November 2021.The Green Day-Ahead market achieved 288 MU volume and saw participation from 178 market participants during the month, with the highest number of participants on a single day at 125 on November 28, while the Green Term-Ahead Market achieved 66 MU volume.
According to the report, a total of 3.72 lakh Renewable Energy Certificates (RECs) were cleared in the trading session at IEX held on November 30. The volume comprised 0.68 lakh non-solar RECs with clearing price at Rs 1,000 per REC.
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