The total electricity volume traded on Indian Energy Exchange (IEX) during December 2022 was 4 per cent higher than in December 2021, a release from IEX said.
IEX achieved 8,452 MU of total volume in December 2022 that included 377 MU of green power trade and 487 MU as the equivalent of 4.87 lakh renewable energy certificates.
The total electricity volume on IEX was 7,964 MU in December 2022, an increase of 8 per cent over November 2022, and 4 per cent on year-on-year basis. The overall volume on IEX in December 2022 increased by 9 per cent on month-over-month
However, it declined by 7 per cent on year-on-year basis due to high trading volume of REC of 13.85 lakh in December 2021.
For the third quarter (October to December) of the fiscal year 2023, IEX recorded 24.2BU volume and achieved 5 per cent growth across all its market segments, on a quarter-on-quarter basis.
Impact of coal prices
Continuing high spot e-auction coal prices and supply side constraints led to the average clearing price in the Day-ahead market rising to Rs.5.23 per unit in December, which was 14 per cent higher on month-over-month basis and 48 per cent higher, year-on-year.
Improving coal inventory at power plants is expected to result in lower clearing price on the Exchange and is expected to provide further cost optimisation opportunities to Discoms and Open Access consumers, resulting in higher volumes on the Exchange, IEX said.
Also read: IEX Becomes India’s First Carbon-Neutral Power Exchange
REC trade
A total of 4.87 lakh RECs were cleared in the trading session at IEX held on Wednesday, December 28, 2022, as compared to 13.85 lakh RECs in December 2021. The next REC trading session at the Exchange is scheduled on January 25, 2023.
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