Electricity trading volumes on the Indian Energy Exchange (IEX) recorded a 44 per cent year-on-year growth in the first quarter (April to June) of FY22.
The total trading volume during the first quarter stood at 21,340 MU (million units or million kwh), a release by IEX said. Most of this trading volume came from the day-ahead-market that recorded volume of 14,377 MU.
In June 2021, IEX recorded a trading volume of 7,093 MU, registering a 48 per cent growth over volumes in June 2020.
The following is a segment-wise account of various trading segments on IEX.
Day-ahead Market
The day-ahead market traded 4314 MU volume in June 2021 with the average monthly price at Rs.3.06 per unit. The sell-bids at twice of the cleared volume during June 2021 ensured ample availability of power and discovery of competitive prices thereby providing optimization opportunities to the distribution utilities, the release said.
Term-ahead Market
The term-ahead market comprising intra-day, contingency, daily and weekly contracts traded 641 MU during June 2021, recording a 539 per cent growth, year-on-year.
Real-time Market
The real-time electricity market (RTM) continued to show exceptional performance with the highest-ever monthly volumes of 1,726 MU at an average monthly price of Rs 3.02 per unit. The trade volume saw a month-over-month growth of 20 per cent.
On June 22, 2021, RTM recorded its highest-ever daily trading volume of 80 MU.
“The consistent growth of real-time electricity market is an indication of growing reliance of distribution utilities and industries on the market to address their power demand-supply balancing in real time at competitive prices,” the IEX release noted.
Green Term-ahead Market
The green term-ahead market (GTAM) also saw the highest ever monthly volume of 412 MU in June 2021. GTAM has become a key facilitator of green power trade among distribution utilities, industrial consumers, and green generators, the release noted.
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