Indian Energy Exchange (IEX) has registered a 17 per cent year-on-year growth in volumes in June 2022, across all market segments.
In a release, IEX said that it achieved volume of 8,267 MU in June 2022 comprising 7,058 MU in the conventional power market, 536 MU in the Green Power market, and 673 MU (corresponding to 6.73 lakh certificates) in the REC market, thereby recording a 17 per cent volume growth across all market segments.
Owing to improved supply-side availability, the prices at the day-ahead market reduced to Rs.6.49 per unit in June 2022 from Rs.6.76 in May 2022, IEX said.
For the first quarter of the fiscal year 2023, IEX achieved 23,437 MU volume across all segments, witnessing a 10 per cent year-on-year growth. across all its market segments.
Here is a summary of trading activity on IEX in June 2022, across market segments:
The Day-ahead Market volume at 4,085 MU saw a de-growth of 5 per cent year-on-year and growth of 29 per cent month-over-month during the month. The average market clearing price in June was Rs 6.49 per unit.
The Term-ahead Market comprising intra-day, contingency, daily & weekly contracts traded 759 MU during the month, registering 18 per cent year-on-year growth.
The Real-time Electricity Market achieved 2,214 MU volume during the month, registering a growth of 28 per cent year-on-year. The highest single-day volume of 96.43 MU was achieved on June 14, 2022.
IEX Green Market comprising the Green Day-ahead and Green Term-ahead Market, achieved 536 MU volume during June 2022 with a year-on-year growth of 30 per cent.
A total of 6.73 lakh RECs were cleared in the trading session held on June 29, 2022 on the Exchange registering a growth of 145 per cent month-over-month. The volume comprised 4.59 lakh non-solar RECs with clearing price at Rs 1,000 per REC and 2.14 lakh solar REC with clearing price at Rs.1,500 per REC. The next REC trading session at the Exchange is scheduled on Wednesday, July 27, 2022.
Also read: IEX Records 16 Per Cent Growth In May 2022 Volume
Longer-duration contracts
In an order of June 2022 by CERC, energy exchanges have been permitted to commence trade in the longer-duration contracts on their platforms. Earlier exchanges were allowed to sell contracts for up to 11 days. Now with the introduction of longer-duration contracts, they will now be able to facilitate trade contracts comprising daily, weekly, and monthly contracts for up to three months. (Read more)
(Note: MU = million units = million kwh = Gwh; 1 REC = 1,000 kwh)
