Indian Energy Exchange achieved 8,200 MU total volume in February 2023 that was 7 per cent lower than that in February 2022.
The total volume traded in February 2023 included 341 MU of renewable energy certificates (RECs) and 154 MU worth of energy saving certificates (ESCerts).
The electricity volume on IEX in February 2023 at 7,673 MU, registered 6 per cent decline on year-on-year basis and 7 per cent on a month-over-month basis.
Sell side liquidity continued to be affected due to high input costs. Demand for power increased due to unusually warm temperature witnessed in February across several parts of the country, and sustained momentum in economic activities, IEX said in a release.
Supply constraints are expected to ease in the coming months due to the conducive policy and regulatory initiatives. These initiatives will lead to increase in coal and gas based generation, resulting in higher liquidity on IEX in the coming months. This will provide cost optimisation opportunities to discoms and Open Access (OA) consumers, the release said.
IEX resumed trading of Energy Saving Certificates (ESCerts) on February 14, 2023, after a gap of 14 months. During the month, nearly 1.54 lakh ESCerts (equivalent to 154 MU) were traded on IEX, with 97 per cent market share.
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A total of 3.74 lakh RECs were cleared in the trading session at IEX held on February 22,2023 with cleared price of Rs.1,000 per REC. In the corresponding month last year, 6.12 lac RECs were traded. The next REC trading session at the Exchange is scheduled on March 29, 2023.
