On 4 October 2022, the Indian Energy Exchange (IEX) announced that it recorded 8,160 MU volume in September 2022, which was lower by 8 per cent yearly.

The volume comprising 7,118 MU came in the conventional power market, 588 MU (5.88 lac certificates) in the Renewable Energy Certificate (REC) market and 454 MU in the green power market.

According to the power demand data published by the National Load Dispatch Center, the energy consumed at 127 BU saw 11% YoY growth during September 2022. The national peak demand at 199 gigawatts (GW) grew 10% YoY.

IEX achieved 23,115 MU volume, which was lower by 11% across market segments in the second quarter. Cumulatively, the total volume traded in H1 FY23 marginally declined by 1% over H1 FY22.

In September, IEX’s Day-Ahead Market volume stood at 4,050 MU, lower by 37 per cent yearly. The average market clearing price in June was Rs 5.63 per unit. In Q2FY23, 11,095 MU volume was traded on the day-ahead market.

The Green Term-Ahead Market achieved 129 MU volume with a monthly average price of Rs 5.05 per unit for Solar and Rs 6.15 per unit for non-solar. A total of 5.88 lacs RECs were cleared in the trading session at IEX held on 28 September 2022. The volume comprised 1.98 lacs Non-Solar RECs with a clearing price of Rs 1,000 per REC. Increased inventory of solar RECs saw the clearing price reaching floor-level at Rs. 1000 per REC, with 3.90 lacs Solar RECs traded during the month. 

IEX is a premier energy exchange providing a nationwide platform which provides automated trading for physical delivery of electricity, renewable energy certificates, energy saving certificates and renewable power.

Indian Energy Exchange (IEX) ‘s net profit rose 10 per cent to Rs 69.13 crore on 8 per cent hit high in net sales to Rs 98.35 crore in the first quarter of FY23 over the first quarter of FY22. IEX’s shares were up by 1.46 per cent to Rs 145.60 on the Bombay Stock Exchange (BSE).