IEX Reports Boost in Electricity Trade Volumes Amid Falling Prices

Indian Energy Exchange (IEX) reported a 16.1% year-on-year rise in electricity trade volumes for the September quarter, reaching 35,217 million units. Despite a 30% decline in renewable energy certificate trades, increased hydro, wind, and coal-based generation contributed to liquidity growth, leading to decreasing market prices.

The Indian Energy Exchange (IEX) announced a significant 16.1% increase in electricity trade volumes in the September quarter, totaling 35,217 million units compared to the previous year. This boost is attributed to a rise in hydro, wind, and coal-based generation, enriching liquidity on the platform.

However, trades of renewable energy certificates saw a 30% fall year-on-year, with 44.22 lakh certificates exchanged during the period. Despite this, market prices saw a notable decline, with the day-ahead market clearing price dropping 12.5% to Rs 3.93 per unit, and the real-time market prices falling 16.1% to Rs 3.51 per unit.

Heavy rainfall on August 25 further increased liquidity, temporarily driving the average real-time market price to near zero. Meanwhile, REC trading sessions continue, with upcoming exchanges planned for October 8 and 29, following last month's trades at clearing prices of Rs 365 and Rs 370 per REC.