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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Mumbai, 07 October 2024: Indian Energy Exchange, India’s premier electricity exchange, achieved total monthly volume (including certificates) of 11,370 MU in September’24, marking a 24% year on year increase. The electricity volume (including green electricity volume) during the month at 10,332 MU, increased 21% YoY. The renewable energy certificates (REC) at 1,031MU, increased 100% YoY. At Rs 110 per certificate, the REC market recorded an all-time low price in the trading session held on 25th September 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 September 2024, the country’s energy consumption reached 141.3 billion units (BUs), remaining flattish compared to the previous year. With a steady monsoon in September, there was a significant rise in hydro and wind power generation, which led to a substantial drop in DAM and RTM prices, resulting in higher trading volumes during the month. The Market Clearing Price in the Day Ahead Market at Rs 4.18/unit during September 2024, declined 33% year-on-year. Similarly, the Market clearing price in the Real Time Market at Rs 3.98/unit during September 2024, declined 28% year-on-year. These prices present an opportunity for Discoms and Open Access consumers to optimize their power procurement costs through power exchanges.

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

The Day-Ahead Market (DAM) volume increased to 4,610 MU in September’24, from 3,467 MU in September’23, registering an increase of 33% YoY. The DAM segment registered total volumes of 14,332 MU during Q2FY ’25, increase of 27% over Q2FY’24.

The Real-Time Electricity Market (RTM) achieved highest ever monthly volume of 3,913 MU in September ‘24, from 2,923 MU in September’23, registering an increase of 34% YoY. The RTM segment registered record volume of 10,732 MU during Q2FY’25, increasing 31% over Q2FY’24.

Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 1,086 MU during September’24, a decline of 43 % YoY. The total volume on the segment during the quarter was at 2,684 MU, a decline of 42% YoY.

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

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 723 MU volume during September’24 as compared to 230 MU in September’23, registering an increase of 214% YoY. The total volume of the Green Market during the quarter was 2,584 MU, growth of 246% over Q2 FY’24.

The Green Day-Ahead Market (G-DAM) achieved 712.5 MU volume during Septemebr’24 with a weighted average price of Rs 4.59 per unit, as compared to 140.2 MU in September’23, registering an increase of 408% YoY. The total volume on the segment during the quarter was 2,534 MU, growth of 394% over Q2 FY’24.

The Green Term-Ahead Market (G-TAM) achieved 10.4 MU volume in september’24 with average monthly price of Non-Solar- Rs 8.28/unit. The total volume on the segment during the quarter was 49.7 MU.

RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET)

A total of 10.31 lac RECs (equivalent to 1,031 MU), an increase of 100 % YoY, were traded in the trading sessions held on 11^th September’24 and 25^th September’24, at a clearing price of Rs. 112/REC and Rs. 110/REC respectively.  A total of 62.97 lac RECs (equivalent to 6,297MU), an increase of 353% YoY, were traded during Q2FY’25.

Rs 110/ REC is the lowest ever price discovered of REC in a trading session since inception.

The next REC trading sessions at the Exchange are scheduled on 09^th October’24 and 30^th October’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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• IEX ACHIEVES HIGHEST EVER MONTHLY TRADED VOLUME IN JULY 2024 OF 13.3 BU WITH AN INCREASE OF 56% YOY
• RECORD REC VOLUMES AT 3.2 BU, UP 405% YOY
• HIGHEST MONTHLY GREEN ELECTRICITY VOLUMES AT ~1 BU, UP 259% YOY

Bengaluru, 06 August 2024: Indian Energy Exchange, India’s premier electricity exchange, achieved the highest ever total volume (including certificates) of 13,250 MU in July 2024, marking a ~56% year-over-year increase. The electricity volume at 10,093 MU, increased 29% YoY. Green electricity volume during the month at 1 BU, grew 259% YoY.

The renewable energy certificates (REC) at 3,150 MU, increased 405% YoY. At Rs. 120 per certificate, the REC market recorded an all-time low price in the trading session held on 31^st July 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 July 2024, the country’s energy consumption reached 145.4 BUs, representing ~4% increase year-on-year.

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

The Day-Ahead Market (DAM) volume increased to 5,056 MU in July’24, from 3976 MU in July’23, registering an increase of 27% YoY.

The Real-Time Electricity Market (RTM) volume increased to 3,334 MU in July ‘24, from 2540 MU in July’23, registering an increase of 31% YoY.

Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 712 MU during July’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 989.6 MU volume during July’24 as compared to 275.4 MU in July’23, registering an increase of 259% YoY. Weighted average price of G-DAM market was Rs 4.34 per unit.

IEX G-DAM cleared volume recorded an all-time high of 50 MU on July 28th.

RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET)

A total of 31.50 lac RECs (equivalent to 3,150 MU) were traded in the trading sessions held on 10^th July’24 and 31^st July’24, at a clearing price of Rs. 128/REC and Rs. 120/REC respectively.

The next REC trading sessions at the Exchange are scheduled on 14^th August’24 and 28^th August’24.

ENERGY SAVING CERTIFICATES (ESCERTS)

During July’24, 7,000 ESCerts (equivalent to 7 MU) were traded on IEX, at the floor price of Rs. 2,165 per ESCert.

The post INDIAN ENERGY EXCHANGE (IEX) POWER MARKET UPDATE JULY’24 appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

MEDIA RELEASE: IEX POWER MARKET UPDATE, JULY’24

• IEX ACHIEVES HIGHEST EVER MONTHLY TRADED VOLUME IN JULY 2024 OF 13.3 BU WITH AN INCREASE OF 56% YOY
• RECORD REC VOLUMES AT 3.2 BU, UP 405% YOY
• HIGHEST MONTHLY GREEN ELECTRICITY VOLUMES AT ~1 BU, UP 259% YOY

Mumbai, 05 August 2024: Indian Energy Exchange, India’s premier electricity exchange, achieved the highest ever total volume (including certificates) of 13,250 MU in July 2024, marking a ~56% year-over-year increase. The electricity volume at 10,093 MU, increased 29% YoY. Green electricity volume during the month at 1 BU, grew 259% YoY.

The renewable energy certificates (REC) at 3,150 MU, increased 405% YoY. At Rs. 120 per certificate, the REC market recorded an all-time low price in the trading session held on 31^st July 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 July 2024, the country’s energy consumption reached 145.4 BUs, representing ~4% increase year-on-year.

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

The Day-Ahead Market (DAM) volume increased to 5,056 MU in July’24, from 3976 MU in July’23, registering an increase of 27% YoY.

The Real-Time Electricity Market (RTM) volume increased to 3,334 MU in July ‘24, from 2540 MU in July’23, registering an increase of 31% YoY.

Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 712 MU during July’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 989.6 MU volume during July’24 as compared to 275.4 MU in July’23, registering an increase of 259% YoY. Weighted average price of G-DAM market was Rs 4.34 per unit.

IEX G-DAM cleared volume recorded an all-time high of 50 MU on July 28th.

RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET)

A total of 31.50 lac RECs (equivalent to 3,150 MU) were traded in the trading sessions held on 10^th July’24 and 31^st July’24, at a clearing price of Rs. 128/REC and Rs. 120/REC respectively.

The next REC trading sessions at the Exchange are scheduled on 14^th August’24 and 28^th August’24.

ENERGY SAVING CERTIFICATES (ESCERTS)

During July’24, 7,000 ESCerts (equivalent to 7 MU) were traded on IEX, at the floor price of Rs. 2,165 per ESCert.

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Mumbai, Friday, 03 November 2023: The key highlights of the unaudited consolidated financial results for the second quarter ending September 30, 2023, as declared by the Company on 02 November, 2023, are listed below:

(All amounts represented in the table are in Rs Crores)

BUSINESS AND FINANCIAL PERFORMANCE HIGHLIGHTS

During the quarter, the Exchange recorded a trading volume of 26.53 BU, an increase from 23.12 BU in Q2 FY’23, marking a growth of 15% YoY. This volume includes 24.07 BU from the conventional power market and 747.64 MU from the Green Market segment. The Exchange also traded 13.91 lakh Renewable Energy Certificates (REC), equivalent to 1391 MU, and 2.79 lakh ESCerts, equivalent to 279 MU.

On a consolidated basis, the revenue for Q2 FY24 saw a YoY increase of 17%, rising from Rs. 113.8 Cr. in Q2 FY23 to Rs. 133 Cr. in Q2 FY24. The PAT grew by 21.5% YoY, moving from Rs. 71.2 Cr. in Q2 FY23 to Rs.86.5 Cr. in the current quarter.

*PowerX is the price index of Indian Energy Exchange (IEX) and is calculated based on weighted average price of Day-Ahead Market and Real-Time Market discovered for the previous day delivery.

Power demand was higher than anticipated for the monsoon months, with peak power demand reaching nearly 240 GW in September first week. States like Maharashtra, Uttar Pradesh, Gujarat, and Tamil Nadu witnessed soaring demand this quarter.

On the fuel side, India’s coal production increased by a robust 16.2 % YoY to reach 205 million tonnes in Q2 FY24 and E-auction coal premium continued its decline since the beginning of this financial year. This improved supply side scenario resulted in increased sell liquidity but an unexpected surge in power demand kept prices higher on the Exchange during the second quarter.

The average market clearing price in the DAM segment during Q2 FY24 period was Rs. 5.88/unit compared with Rs.5.40/unit in the same quarter last year, higher by nearly 9% over Q2FY23.

In October 2023, IEX launched High-Price Term Ahead Market (HP-TAM) and acquired 10% stake in Enviro Enablers India Private Limited (EEIPL).

On the gas market front, in Q2FY24, the Indian Gas Exchange (IGX) generated total volumes of 195 lakhs MMBtu during Q2 of FY ’24, a jump of 262% over the same quarter last fiscal. The volume jump was largely on the back of increased domestic gas volumes and decreased gas prices compared with spot prices (WIM).

For Q2FY24, IGX posted a PAT of Rs. 7.85 crore, a significant increase from Rs. 2.42 crore in Q2FY23, reflecting a growth of 224%.

POWER SECTOR HIGHLIGHTS UPDATE

On the power sector front, electricity consumption in India for Q2 FY24 stood at 435.8 BU, a growth of 13% YoY. By the end of Q2 FY 2024, India’s total installed capacity stood at 425 GW, out of which 179 GW was contributed by renewables.

India remains on track to attain its target of achieving 50% of energy consumption from non-fossil fuel sources by 2030.

The post INDIAN ENERGY EXCHANGE (IEX) ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDING SEPTEMBER 30, 2023 appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.