Indian Energy Exchange (IEX) traded 8,997 MU of electricity in September 2021, registering a year-on-year growth of 59 per cent, a release from IEX said.
For the second quarter (July to September) of FY22, IEX achieved an electricity trading volume of 25,857 MU across all market segments. This was 57 per cent higher than the comparable figure of FY21.
Here is a summary of the segment-wise performance:
DAM
The day-ahead market (DAM) traded 6,418 MU volume in September’21 with the average monthly price at Rs 4.4 per unit. For Q2 of FY22, the day-ahead market traded 17,305 MU and registered 26 per cent year-on-year growth.
“Distribution utilities have been increasingly preferring the day-ahead market to meet their short-term supply requirements in a competitive and flexible manner,” the release noted.
TAM
The term-ahead market comprising intra-day, contingency, daily & weekly contracts traded 193 MU during the month recording 81 per cent year-on-year growth. Cumulatively, for the second quarter, the term-ahead market traded a total of 1,571 MU, with 438 per cent year-on-year growth.
RTM
The real-time electricity market (launched on June 1, 2020) traded 1,843 MU volume and saw a significant 162 per cent year-on-year growth. In the second quarter, the market achieved cumulative trade of 5,298 MU registering a robust 125 per cent year-on-year growth. “The consistent growth of real-time electricity market is an indication of growing reliance of the distribution utilities and industries to achieve power demand-supply balancing in real time in the most efficient manner,” IEX observed in the release.
Green Market
In Q2 of FY22, this market segment registered a cumulative trade of 1,682 MU. The market has seen considerable increase in the participant base with more and more utilities as well as C&I consumers participating to meet their energy and RPO requirements, in an integrated, flexible and competitive manner.
ESCerts
IEX is expected to soon commence trade in the Energy Saving Certificates (ESCerts) under Perform, Achieve & Trade Cycle-II (PAT-II) scheme apropos the notification by the Bureau of Energy Efficiency (BEE), Ministry of Power. IEX has already commenced registrations and also conducting the awareness dissemination webinars, the release noted.
[Note: MU = million unit = million kwh = Gwh]
