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)

Infrastructure Urban

03 Apr 2026

Centre Disburses Over Rs 24,610 mn in XV Finance Commission Grants

The Union Government has released XV Finance Commission tied grants during the financial year 2025–26 to rural local bodies in Chhattisgarh, Gujarat, Madhya Pradesh, Punjab and Sikkim and has released withheld portions of tied and untied grants to Himachal Pradesh, Odisha and Tripura. The total disbursal exceeded Rs 24,610 mn, with figures expressed in million (mn) thereafter. The releases cover allocations pertaining to different financial years and aim to strengthen rural local governance. State-wise disbursements included Rs 3,324.6 mn for Punjab, Rs 9,432.7 mn for Madhya Pradesh, Rs 3,47..

Centre Releases Over Rs 15 bn as XV FC Grants to Rural Bodies

The Union Government has released over Rs 15 bn in grants recommended by the Fifteenth Finance Commission (XV FC) to strengthen Panchayati Raj Institutions (PRIs) and Rural Local Bodies (RLBs) in six states. The funds comprise tied and untied grants disbursed in FY 2025–26. Telangana received Rs 2.48 bn as the first instalment of untied grants for FY 2025–26, benefitting 12600 Gram Panchayats (GPs). Uttarakhand received Rs 913.1 mn as the second instalment and an additional Rs 18.4 mn of a withheld first instalment was released to a further 216 GPs. Mizoram is included among beneficiary st..

Government Assures Fuel Supplies And Seafarer Safety Amid West Asia Developments

The Government of India has stepped up coordinated measures to maintain stability in critical sectors as developments in West Asia continue to unfold. It has prioritised uninterrupted energy supplies, safeguarded maritime operations and extended consular assistance to nationals. Central authorities are working with State and Union territory administrations to ensure timely information dissemination and operational continuity. Refineries are reported to be operating at high capacity with adequate inventories of petrol and diesel, and domestic LPG production has been increased to support consump..