Bengaluru, 04 February 2025:  Indian Energy Exchange, India’s premier electricity exchange, achieved monthly electricity traded volume of 10,910 MU in January’25, marking a 16% increase on year-on-year basis. IEX recorded highest ever monthly trade of RECs in January ’25.  A total of 38.03 lakh Renewable Energy Certificates were traded during the month, marking a 150% year on year increase.

According to government data published in January ’25, the country’s energy consumption reached 137.5 BUs, increase of 2.7% compared to the previous year. During the month, increased supply side liquidity in the DAM segment contributed to moderating prices on the exchange. The Market Clearing Price in the Day Ahead Market at Rs. 4.43/unit during January’25, declined 24% YoY. These prices presented an opportunity for Discoms and Commercial & Industrial consumers to meet their demand at a competitive price and to replace their costlier power by procuring through exchanges.

ELECTRICITY MARKET: DAY- AHEAD, TERM- AHEAD & REAL-TIME MARKET

The Day-Ahead Market (DAM) achieved 6,015 MU volume in January’25 as compared to 5,540 MU volume in January’24, an increase of 9% YoY.

The Real-Time Electricity Market (RTM) volume increased to 3,036 MU in January ‘25, from 2,380 MU in January’24, registering an increase of 28% YoY.

Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 1107 MU during January ’25, lower by 9% on YoY basis.

GREEN MARKET: GREEN DAY-AHEAD & GREEN TERM-AHEAD MARKET

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 752 MU volume during January’25 as compared to 236 MU in January’24, registering an increase of 218 % YoY.

The Green Day-Ahead Market (G-DAM) achieved 702 MU volume during January’25 with a weighted average price of Rs 4.66 per unit, as compared to 210 MU in January’24, registering an increase of 235% YoY.

The Green Term-Ahead Market (G-TAM) achieved 50 MU volume during January’25 with average monthly price of Non-Solar-Rs 4.77/unit, as compared to 27 MU in January’24, registering an increase of 89% YoY.

RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET)

IEX recorded highest ever monthly trade of RECs in January ’25. A total of 38.03 lakh RECs were traded in the trading sessions held on 08th January’25 and 29th January’25, at a clearing price of Rs.325 /REC and Rs. 340 /REC respectively. REC traded volume in January’25 increased by 150% on YoY basis.

The next REC trading sessions at the Exchange are scheduled on 12^th February’25 and 26^th February’25.

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Bengaluru, 06 January 2025:  Indian Energy Exchange, India’s premier electricity exchange, achieved highest ever monthly electricity traded volume of 11,132 MU in December’24, marking a 29% increase on year-on-year basis. During the month, IEX traded 16.62 lakh renewable energy certificates recording a 58% year on year increase.

For the nine months of the fiscal year 2025, IEX achieved electricity traded volume of 88,981 MU, marking a 19% year on year increase.

For the third quarter of the fiscal year 2025, IEX achieved electricity traded volume of 30,464 MU, marking a 16% year on year increase. During the quarter, IEX traded 26.52 lakh renewable energy certificates recording a 31% year on year increase.

According to government data published in December ’24, the country’s energy consumption reached 130.40 BUs, increase of nearly 6% compared to the previous year. During the month, the Day Ahead Market segment at IEX recorded a robust ~57% YoY increase in supply-side volumes. This rise in supply helped moderate prices. For the month of December 2024, the Market Clearing Price in the Day Ahead Market was Rs. 3.89/unit, marking a 14% YoY decrease. These prices presented an opportunity for Discoms and Open Access consumers to replace their costlier power by procuring through exchanges.

For Q3FY’25, the prices in the Day Ahead market averaged Rs 3.71/unit, a decline of ~26% YoY, due to availability of ample supply liquidity.

ELECTRICITY MARKET: DAY- AHEAD, TERM- AHEAD & REAL-TIME MARKET

The Day-Ahead Market (DAM) achieved 6,674 MU volume in Decemeber’24 as compared to 4,798 MU volume in December’23, an increase of 39% YoY. The DAM segment registered total volumes of 16,712 MU during Q3 FY ’25, an increase of 14% over Q3 FY ’24.

The Real-Time Electricity Market (RTM) volume increased to 3,180 MU in December‘24, from 2,405 MU in December’23, registering an increase of 32% YoY. The RTM segment registered volume of 9,322 MU during Q3 FY ’25, increasing 30% over Q3 FY ’24.

Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 498 MU during December ’24, lower by 59% on YoY basis. The total volume on the segment during the quarter was 1,960 MU, decline of 49% over Q3 FY’24.

GREEN MARKET: GREEN DAY-AHEAD & GREEN TERM-AHEAD MARKET

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 781 MU volume during December’24 as compared to 232 MU in December’23, registering an increase of 236% YoY. During Q3FY25, the segment achieved volume of 2,470 MU, an increase of 305% over Q3FY’24

The Green Day-Ahead Market (G-DAM) achieved 763 MU volume during December’24 with a weighted average price of Rs 3.92 per unit, as compared to 217 MU in December’23, registering an increase of 252% YoY. During Q3FY’25, the segment achieved volume of 2,385 MU, an increase of 311% over Q3FY’24

The Green Term-Ahead Market (G-TAM) achieved 18 MU volume during December’24 with average monthly price of Non-Solar- Rs 5.88/unit, as compared to 15.4 MU in December’23, registering an increase of 15% YoY. During Q3FY25, the segment achieved volume of 86 MU, an increase of 187% over Q3FY’24

RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET)

A total of 16.62 lakh RECs were traded in the trading sessions held on 11th December ’24 and 26th December’24, at a clearing price of Rs. 260/REC and Rs. 316/REC respectively. REC traded volume in December’24 increased by 58% on YoY basis. A total of 26.52 lakh RECs were traded during Q3 FY’25, an increase of 31% YoY.

The next REC trading sessions at the Exchange are scheduled on 8^th January ’25 and 29^th January ’25.

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Bengaluru, 03 December 2024: Indian Energy Exchange, India’s premier electricity exchange, achieved electricity traded volume of 9,689 MU in November’24, marking a 15.7% year on year increase.  During the month, IEX traded 5.46 lakh renewable energy certificates recording a 27.7% year on year decrease.

According to government data published in November 2024, the country’s energy consumption reached 125 BUs, increase of 5% compared to the previous year. Despite an increase in power demand, the Market Clearing Price in the Day Ahead Market at Rs 3.30/unit during November 2024, declined 17.3% year-on-year. Similarly, the Market clearing price in the Real Time Market at Rs 3.46/unit during November 2024, declined 13.4% year-on-year. Prices were low due to high supply side liquidity. On a monthly basis, these are the lowest prices discovered this fiscal year. These prices present an opportunity for Discoms and Open Access consumers to replace costlier power through purchasing through exchanges.

ELECTRICITY MARKET: DAY- AHEAD, REAL-TIME MARKET & TERM- AHEAD 

The Day-Ahead Market (DAM) achieved 5,651MU volume in November’24 as compared to 5,144 MU volume in November’23, an increase of 9.8% YoY.

The Real-Time Electricity Market (RTM) achieved monthly volume of 3,019 MU in November‘24, as compared to 2,359 MU in November’23, registering an increase of 28% YoY.

Day Ahead Contingency and Term-Ahead Market (TAM), comprising contingency, daily & weekly and monthly contracts up to 3 months, traded 202 MU during November’24, as compared to 679 MU volume in November’23, a decline of 70.3% YoY. Due to ample availability of sell side liquidity, buyers preferred the DAM and RTM segments this month.

GREEN MARKET: GREEN DAY-AHEAD & GREEN TERM-AHEAD MARKET

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 818 MU volume during November’24 as compared to 189 MU in November’23, registering an increase of 331.8% YoY.

The Green Day-Ahead Market (G-DAM) achieved 793 MU volume during November’24 with a weighted average price of Rs 3.19 per unit, as compared to 182 MU in November’23, registering an increase of 335.2% YoY.

The Green Term-Ahead Market (G-TAM) achieved 25 MU volume during November’24 with a with average monthly price of Solar- Rs 3.50/unit, Non-Solar- Rs 5.42/unit and Hydro – Rs 3.68/unit, as compared to 7 MU in November’23, registering an increase of 244.7% YoY.

RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET)

A total of 5.46 lac RECs, were traded in the trading sessions held on 13^th November’24 and 27^th November’24., at a clearing price of Rs. 140/REC and Rs. 190/REC respectively.

The next REC trading sessions at the Exchange are scheduled on 11^th December’24 and 26^th December’24.

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Bengaluru, 03 September 2024: Indian Energy Exchange, India’s premier electricity exchange, achieved total volume (including certificates) of 12,040 MU in August 2024, marking a 35.8% year-over-year increase. The electricity volume at 9,914 MU, increased 17.1% YoY. The renewable energy certificates (REC) at 2,116 MU, increased 737.4% YoY. At Rs 115 per certificate, the REC market recorded an all-time low price in the trading session held on 28^th August 2024. These prices provide an opportunity to obligated entities (DISCOMS and Captive Power Producers) to meet their Renewable Purchase Obligations, and voluntary customers to meet their sustainability aspirations.

According to government data published in August 2024, the country’s energy consumption reached 144.2 BUs, representing ~5% decrease year-on-year.

As the monsoon gained momentum in August, there was a substantial increase in hydro and wind power generation, enhancing the overall availability of renewable energy in the system. This led to a significant decline in Day-Ahead Market (DAM) prices and Real-Time Market (RTM) prices on the exchange. The Market Clearing Price in the Day-Ahead Market during August 2024 at Rs 4.28/unit, reduced ~38% year-on-year. Similarly, the Market Clearing Price in the Real Time Market at Rs 3.59/unit during August 2024, declined 44.8% year-on-year.

ICX, the wholly owned subsidiary of IEX, has been designated by the I-TRACK Foundation Board as the local I-REC(E) Issuer in India. The International Renewable Energy Certificate (I‑REC) for Electricity is referred to as an I-REC(E) and is an exchangeable Energy Attribute Certificate (EAC). As the Local Issuer for I-REC(E) in India, all new Project Registrations for I-REC(E) and the issuance of I-REC(E) Certificates will be done by ICX for the entities based in India.

ELECTRICITY MARKET: DAY- AHEAD, TERM- AHEAD & REAL-TIME MARKET

The Day-Ahead Market (DAM) volume increased to 4,666 MU in August’24, from 3,810 MU in August’23, registering an increase of 22.5% YoY.

The Real-Time Electricity Market (RTM) achieved highest ever monthly volume of 3,485 MU in August ‘24, up from 2,738 MU in August’23, registering an increase of 27.3% YoY.

RTM segment also achieved its highest-ever single-day trade of 156 MU on 26th August, demonstrating the market’s ability to adapt to dynamic demand-supply scenarios.

Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 886 MU during August’24.

GREEN MARKET: GREEN DAY-AHEAD & GREEN TERM-AHEAD MARKET

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 871 MU volume during August’24 as compared to 242.30 MU in August’23, registering an increase of 259.5% YoY.

The Green Day-Ahead Market (G-DAM) achieved 849.3MU volume during August’24 with a weighted average price of Rs 3.69 per unit, as compared to 159.7 MU in August’23, registering an increase of 431.8% YoY.

The Green Term-Ahead Market (G-TAM) achieved 21.7 MU volume in August ’24 with average monthly price of Non-Solar- Rs 7.89 /unit.

RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET)

A total of 21.16 lac RECs (equivalent to 2,116 MU) were traded in the trading sessions held on 14^th August’24 and 28^th August’24, at a clearing price of Rs 118/REC and Rs 115/REC respectively.

The next REC trading sessions at the Exchange are scheduled on 11^th September’24 and 25^th September’ 24.

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