Indian Energy Exchange Achieves 35.8% Growth in Trade Volume in August 2024

Indian Energy Exchange (IEX) saw its total trade volume rise by 35.8% year-on-year, reaching 12,040 million units (MU) in August 2024. The electricity volume increased by 17.1% to 9,914 MU. The renewable energy certificates (REC) surged by 737.4%, offering low prices at Rs 115 per certificate, facilitating renewable purchases for DISCOMS and Captive Power Producers.

Indian Energy Exchange (IEX) reported a significant boost in its total trade volume, climbing 35.8% year-on-year to 12,040 million units (MU) in August 2024.

The rise includes a 17.1% boost in electricity volume, reaching 9,914 MU for the month, according to an IEX statement.

The increase in trade volume is attributed to a substantial surge of 737.4% in renewable energy certificates (REC), allowing obligated entities like DISCOMS and Captive Power Producers to meet their renewable purchase obligations efficiently.

(With inputs from agencies.)