+
IEX Achieves 9,642 MU Electricity Trade
POWER & RENEWABLE ENERGY

IEX Achieves 9,642 MU Electricity Trade

The Indian Energy Exchange (IEX) has reported a significant achievement, trading 9,642 million units (MU) of electricity in October, reflecting a 10% increase in year-on-year (YoY) volumes. This growth comes as part of a broader trend in the energy market, where electricity trading and renewable energy certificate (REC) trading have surged.

The surge in electricity trading has been driven by increasing demand for power, particularly during the festival season and rising industrial activity across India. IEX, which operates as a leading platform for the exchange of electricity in India, saw robust participation in various market segments, including day-ahead market, term-ahead market, and real-time market, catering to the growing need for flexible power procurement options.

A key highlight of the month was the surge in REC trading, which increased by 105% compared to the same period last year. This surge reflects heightened interest in renewable energy certificates, as power generators and distribution companies strive to meet renewable purchase obligations (RPOs). The growth in REC trading is also seen as a positive sign for India’s clean energy goals, driving the transition toward more sustainable energy sources.

IEX's platform continues to play a crucial role in improving the efficiency and transparency of India's electricity market, enabling better price discovery and ensuring grid stability. With increasing demand and a continued focus on renewables, the future of electricity trading in India looks poised for further growth.

The Indian Energy Exchange (IEX) has reported a significant achievement, trading 9,642 million units (MU) of electricity in October, reflecting a 10% increase in year-on-year (YoY) volumes. This growth comes as part of a broader trend in the energy market, where electricity trading and renewable energy certificate (REC) trading have surged. The surge in electricity trading has been driven by increasing demand for power, particularly during the festival season and rising industrial activity across India. IEX, which operates as a leading platform for the exchange of electricity in India, saw robust participation in various market segments, including day-ahead market, term-ahead market, and real-time market, catering to the growing need for flexible power procurement options. A key highlight of the month was the surge in REC trading, which increased by 105% compared to the same period last year. This surge reflects heightened interest in renewable energy certificates, as power generators and distribution companies strive to meet renewable purchase obligations (RPOs). The growth in REC trading is also seen as a positive sign for India’s clean energy goals, driving the transition toward more sustainable energy sources. IEX's platform continues to play a crucial role in improving the efficiency and transparency of India's electricity market, enabling better price discovery and ensuring grid stability. With increasing demand and a continued focus on renewables, the future of electricity trading in India looks poised for further growth.

Next Story
Infrastructure Urban

Revolt Motors Unveils ‘Azadi From Petrol’ Offer

To mark India’s 78th Independence Day, Revolt Motors, the country’s leading electric motorcycle brand, has introduced its special “Azadi From Petrol” offer, encouraging riders to break free from rising fuel costs and embrace smarter, sustainable mobility.Under this limited-period scheme, customers purchasing any Revolt electric motorcycle can enjoy benefits worth up to Rs 20 million. The package includes zero insurance fees, providing free coverage valued at up to Rs 7 million, along with cash savings of up to Rs 13 million.The initiative highlights Revolt’s mission to make electric ..

Next Story
Infrastructure Energy

Inox Green Signs 182 MW Wind O&M Deal

Inox Green Energy Services Ltd., one of India’s leading renewable energy operations and maintenance (O&M) providers, has signed an agreement with a major diversified Indian conglomerate for the comprehensive O&M of 182 MW of operational wind projects under its renewable energy division.Located across multiple sites in Western India, these projects are integrated with common infrastructure owned by Inox Green. The deal includes converting 82 MW of wind projects from limited-scope to comprehensive O&M, as well as renewing comprehensive O&M for another 100 MW well ahead of sched..

Next Story
Infrastructure Urban

MPL Q1 Profit Rises to Rs 144 Million

Manali Petrochemicals Limited (MPL), a leading petrochemical manufacturer and part of AM International, Singapore, has reported its unaudited consolidated financial results for the quarter ended 30 June 2025.The company posted a consolidated total income of Rs 2.43 billion for the quarter, up from Rs 2.38 billion in the preceding quarter ended 31 March 2025. Profit Before Tax (PBT) stood at Rs 200 million, compared to Rs 159 million in the previous quarter, while Profit After Tax (PAT) rose to Rs 144 million from Rs 108 million. For the full year ended 31 March 2025, MPL recorded a total incom..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?