IEX Trades 11,132 MU Electricity in December 2024, Up 29% YoY

08 Jan 2025 CW Team

The Indian Energy Exchange (IEX) reported a record electricity trade volume of 11,132 million units (MU) in December 2024, a 29% year-on-year (YoY) increase. Additionally, 1.66 million renewable energy certificates (RECs) were traded during the month, reflecting a 58% YoY rise. For the first nine months of FY25, IEX's total electricity trade volume reached 88,981 MU, a 19% YoY growth. In Q3FY25 alone, the exchange recorded a volume of 30,464 MU, a 16% YoY increase.

The Day-Ahead Market (DAM) contributed 6,674 MU in December 2024, showing a 39% YoY rise, while the Real-Time Electricity Market (RTM) recorded 3,180 MU, up 32% YoY. The Green Market, including the Green Day-Ahead (G-DAM) and Green Term-Ahead Market (G-TAM), surged by 236% YoY to 781 MU.

Market Clearing Prices in the DAM averaged Rs 3.89 per unit in December 2024, a 14% YoY decline, with Q3FY25 prices averaging Rs 3.71 per unit, down 26% YoY due to abundant supply. REC trading volumes in Q3FY25 reached 2.65 million, a 31% YoY increase, with clearing prices ranging from Rs 260 to Rs 316 per REC.

The next REC trading sessions are set for January 8 and January 29, 2025.

(ET)

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