IEX Clocks 59% YoY Trade Volume Growth during September

Highlights :

  • Power Market sees 8,997 MU volume in September, 2021, achieving 59% YoY growth.
  • Q2 FY’22 sees 25,857 MU volume across market segments with 57% YoY growth.
  • IEX launches value added services for renewable energy generators.
IEX Clocks 59% YoY Trade Volume Growth during September

The Indian Energy Exchange (IEX) traded 8,997 MU electricity volume and achieved 59% YoY growth in September’21, according to the power demand data published by the National Load Dispatch Centre.

The data also showed that the national peak demand in September’21 saw a 2% YoY increase, with the highest ever peak demand at 180.7 GW, while energy consumption at 114.5 BU was flat during the month.

The electricity market achieved 25,857 MU volume during the second quarter resulting in 57% YoY growth across market segments.

IEX has launched Value Added Services (VAS) for renewable energy generators to further its customer centric initiatives. Generators keen to avail these services, such as generation forecasting, qualified co-ordinating agency (QCA) and analytics solutions, can reach out to service providers empaneled by IEX at the competitive prices.

“We are pleased to onboard Climate Connect as our first empaneled service provider and look forward to welcoming other service providers who are keen to associate with us in this this exciting journey,” said IEX.

The day-ahead market traded 6,418 MU volume in September’21 with the average monthly price at Rs 4.4 per unit. For the second quarter of the year 2022, the day-ahead market on the Exchange, traded 17,305 MU and registered 26% YoY growth.  The distribution utilities have been increasingly preferring day-ahead market to meet their short-term supply requirements in a competitive and flexible manner, according to IEX.

The term-ahead market comprising intra-day, contingency, daily & weekly contracts traded 193 MU during the month recording 81% YoY growth. Cumulatively, for the second quarter, the term-ahead market traded a total of 1,571 MU and registered a spectacular 438% YoY growth.

The real-time electricity market traded 1,843 MU volume and saw a 162% YoY growth. In the second quarter, the market achieved a cumulative trade of 5,298 MU registering a 125% YoY growth. The consistent growth of real-time electricity market is an indication of growing reliance of the distribution utilities and industries to achieve power demand-supply balancing in real time in the most efficient manner, said IEX.

The green term-ahead market achieved 543 MU volume seeing a 555% YoY growth. For the second quarter, the market registered a cumulative trade of 1,682 MU. IEX said, “The market has seen a considerable increase in the participant base as more and more utilities and C&I consumers participate in the market to meet their energy and RPO requirements in an integrated, flexible and competitive manner.”

IEX is the first and largest energy exchange in India providing a nationwide, automated trading platform for physical delivery of electricity, Renewable Energy Certificates (RECs) and ESCerts (Energy Saving Certificates).

IEX is expected to soon commence trade in the Energy Saving Certificates (ESCerts) under Perform, Achieve & Trade Cycle-II (PAT-II) scheme apropos the notification by the Bureau of Energy Efficiency (BEE), Ministry of Power. PAT-II aims at achieving an overall energy savings of 8.87 MTOE and covers 621 designated consumers spanning across 11 energy intensive industry sectors. The Exchange has already commenced registrations and is conducting awareness dissemination webinars.

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Soumya Duggal

Soumya is a master's degree holder in English, with a passion for writing. It's an interest she has directed towards environmental writing recently, with a special emphasis on the progress being made in renewable energy.