IEX Sees 35.8% Trading Growth
ECONOMY & POLICY

IEX Sees 35.8% Trading Growth

The Indian Energy Exchange (IEX) recorded a significant 35.8% growth in its trading volume in August 2024. This increase marks a robust performance for the exchange, driven by strong participation in the power market, as well as a surge in renewable energy certificates (REC) trading, contributing to the overall market expansion.

Trading Volume Increase: In August, the IEX saw a substantial rise in electricity trading, indicating strong market dynamics. The overall trading volume on the platform reached 8,936 million units, showcasing the increasing demand for power through exchanges as industries and consumers opt for efficient trading mechanisms. This spike can be attributed to the growing energy consumption across sectors and the market's preference for a reliable and transparent platform like IEX.

REC Market Surge: A key highlight of the month was the notable performance of the Renewable Energy Certificate (REC) market, which registered a sharp increase in trading activities. The REC market is an essential component of India?s renewable energy compliance framework, allowing obligated entities to meet their renewable purchase obligations. In August, the REC segment recorded over 18.9 lakh certificates, reflecting an increase in both demand and supply, driven by a stronger push for renewable energy.

Green Market Performance: Alongside the traditional power market, IEX?s green market segment also performed well, as more participants showed interest in trading green energy. The green market offers buyers and sellers a platform to trade renewable energy, aligning with India?s commitment to promoting clean energy adoption. The increase in REC trading also underscores the growing awareness and adoption of renewable energy.

Short-Term Market Dynamics: The growth of IEX?s trading volume also highlights the increasing reliance on the short-term electricity market, as it provides flexibility and cost efficiency for both buyers and sellers. Short-term market segments like Day-Ahead Market (DAM), Term-Ahead Market (TAM), and Real-Time Market (RTM) continued to attract participants, enhancing liquidity and competition.

Market Leadership: IEX continues to maintain its leadership in the power trading sector, offering a diverse range of products that cater to the dynamic needs of India?s electricity market. The exchange?s transparent pricing mechanism, efficient trading platform, and robust infrastructure have contributed to its expanding market share.

Outlook: With the continued growth in trading volume and the increasing prominence of renewable energy markets, IEX is positioned to play a pivotal role in India's evolving energy landscape. The surge in REC trading further indicates a positive shift toward cleaner energy solutions, aligning with the country's long-term sustainability goals.

The Indian Energy Exchange (IEX) recorded a significant 35.8% growth in its trading volume in August 2024. This increase marks a robust performance for the exchange, driven by strong participation in the power market, as well as a surge in renewable energy certificates (REC) trading, contributing to the overall market expansion. Trading Volume Increase: In August, the IEX saw a substantial rise in electricity trading, indicating strong market dynamics. The overall trading volume on the platform reached 8,936 million units, showcasing the increasing demand for power through exchanges as industries and consumers opt for efficient trading mechanisms. This spike can be attributed to the growing energy consumption across sectors and the market's preference for a reliable and transparent platform like IEX. REC Market Surge: A key highlight of the month was the notable performance of the Renewable Energy Certificate (REC) market, which registered a sharp increase in trading activities. The REC market is an essential component of India?s renewable energy compliance framework, allowing obligated entities to meet their renewable purchase obligations. In August, the REC segment recorded over 18.9 lakh certificates, reflecting an increase in both demand and supply, driven by a stronger push for renewable energy. Green Market Performance: Alongside the traditional power market, IEX?s green market segment also performed well, as more participants showed interest in trading green energy. The green market offers buyers and sellers a platform to trade renewable energy, aligning with India?s commitment to promoting clean energy adoption. The increase in REC trading also underscores the growing awareness and adoption of renewable energy. Short-Term Market Dynamics: The growth of IEX?s trading volume also highlights the increasing reliance on the short-term electricity market, as it provides flexibility and cost efficiency for both buyers and sellers. Short-term market segments like Day-Ahead Market (DAM), Term-Ahead Market (TAM), and Real-Time Market (RTM) continued to attract participants, enhancing liquidity and competition. Market Leadership: IEX continues to maintain its leadership in the power trading sector, offering a diverse range of products that cater to the dynamic needs of India?s electricity market. The exchange?s transparent pricing mechanism, efficient trading platform, and robust infrastructure have contributed to its expanding market share. Outlook: With the continued growth in trading volume and the increasing prominence of renewable energy markets, IEX is positioned to play a pivotal role in India's evolving energy landscape. The surge in REC trading further indicates a positive shift toward cleaner energy solutions, aligning with the country's long-term sustainability goals.

Next Story
Infrastructure Transport

Lucknow-Mumbai AC Sleeper Vande Bharat Route Finalised First Time

The first AC Sleeper Vande Bharat Express is scheduled to launch between Lucknow and Mumbai, promising a notable enhancement in rail travel by providing speed and comfort that exceed those of Rajdhani and Shatabdi trains. Railway officials have finalized the route, which includes stops at Hardoi, Shahjahanpur, Bareilly, Moradabad, Ghaziabad, Nizamuddin, and Agra, benefiting passengers from various districts in Uttar Pradesh.After conducting months of extensive surveys, the Railways finalized the route for the upcoming Sleeper Vande Bharat Express. The train will start from Lucknow and proceed ..

Next Story
Infrastructure Transport

Western Railway Clears 780 Sq M Encroachment Near Bandra Pipeline

Western Railway, in collaboration with several law enforcement agencies, conducted a significant operation today to reclaim public land on the south-east side of Bandra near the Tansa Pipeline. The large-scale encroachment removal drive involved over 225 personnel and resulted in the clearance of approximately 780 square meters of railway land that had been occupied by unauthorized structures. During the operation, 45 makeshift dwellings constructed from bamboo, tarpaulin, and plastic sheets were dismantled.Western Railway stated that the demolition drive was carried out under tight security, ..

Next Story
Infrastructure Transport

Shree Cement Partners with RITES to Enhance Rail Infrastructure

Shree Cement has entered into a five-year Memorandum of Understanding (MoU) with RITES, a public sector enterprise under the Ministry of Railways, to enhance the cement company's rail infrastructure network. This partnership aims to facilitate efficient and sustainable transportation of raw materials and finished products across Shree Cement’s manufacturing units.According to the agreement, RITES will offer comprehensive services from the initial concept stage through to commissioning, focusing on upgrading, renovating, and establishing new rail connectivity. The company also noted that the ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?