IEX Sees Surge in Renewable Energy Trades Amid Rising Demand

The Indian Energy Exchange reported a total trade volume of 9,642 million units in October 2024, a 4% increase from the previous year. The trading of renewable energy certificates surged by 105%. The Real-Time Electricity Market saw significant growth, while the Green Market segments also expanded remarkably.

The Indian Energy Exchange (IEX) has reported a 4% year-on-year increase in total trade volume, reaching 9,642 million units in October 2024. This growth underscores the rising demand for electricity in the region.

Significantly, the IEX witnessed a remarkable 105% surge in the trading of renewable energy certificates (RECs) during the month, trading a total of 4.44 lakh RECs. This reflects a strong shift towards green energy solutions.

The Real-Time Electricity Market (RTM) displayed robust growth with a 30% increase in volume compared to the previous year, while the Green Day-Ahead and Green Term-Ahead Market segments also experienced substantial advances, highlighting an expanding green energy footprint.

(With inputs from agencies.)