IEX records a 24.7% increase in electricity volumes

04 Jul 2024 CW Team

With a total of 10,185 million units (MU), the Indian Energy Exchange (IEX) reported a 24.7% rise in power volumes for June 2024. The volume for the month increased to 10,677 MU with certificates, representing 19.4% year-over-year growth. IEX reached a total electricity volume of 28,178 MU in the first quarter of the fiscal year 2025, a 19% increase over the previous year. With certificates included, the total volume for the period was 30,354 MU, up 20.8% from the first quarter of FY2024. India's energy consumption for the quarter was 452 billion units (BUs), up 11.2% from the first quarter of the previous fiscal year due to hot weather that caused a spike in the demand for power. Peak demand in the nation for the quarter was 250 gigawatts (GW), above the previous record of 243 GW that was established in September of the previous year. With a volume of 4,849 MU in June 2024, the Day Ahead Market (DAM) saw a rise of 18.2% from June 2023. 3,213 MU were traded on the Real-Time Electricity Market (RTM), a 20.1% increase from the previous year. A noteworthy development was the 680 MU volume reported by the Green Day-Ahead Market (G-DAM) at a weighted average price of Rs 4.14 per unit, up 309.5% from June 2023. The Green Term-Ahead Market (G-TAM) traded 64 MU at an average monthly price of Rs. 8.88 per unit for non-solar energy.

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