The electricity market on the Indian Energy Exchange (IEX) recorded a trading volume of 7,322 MU in July 2021, registering a 37 per cent year-on-year growth.
An IEX release, quoting statistics published by National Load Dispatch Centre (NLDC), said that the national peak demand, at 200.6 GW on July 7, 2021, was the highest ever. Energy consumption during July 2021, at 125.5 BU, was 10.6 per cent higher year-on-year. This increase in power demand has been contributing to the electricity volume growth at IEX, the release said.
Here is a summary of trading activity across various markets on the IEX.
- The day-ahead market (DAM) traded 4,238 MU volume during July 2021 at the average monthly price at Rs.2.95 per unit.
- The cross-border electricity trade under day-ahead market saw 72 MU volume traded and registered 68.4 per cent month-on-month increase. Currently, Nepal is the only participating country in IEX CBET market while other South Asian Countries like Bangladesh and Bhutan, are expected to join the platform shortly.
- The term-ahead market (TAM) comprising intra-day, contingency, daily and weekly contracts traded 761MU during the month.
- The real-time electricity market (RTM) continued to show exceptional performance with the monthly volumes of 1,596 MU seeing a significant 103 per cent year-on-year increase with the highest-ever single day volume since inception at 81.6 MU on July 10, 2021. The average monthly price of Rs.2.77 per unit saw 8.4 per cent month-on-month decline making the real-time power sourcing a compelling opportunity for the market participants.
- The green term-ahead market (GTAM) traded its highest-ever volume of 726 MU in July 2021—an increase of 76 per cent month-on-month. This segment also registered its highest ever single day volume of 153.1 MU, on July 16, 2021. GTAM also The market saw participation from 51 members which is the highest-ever since inception in August 2020.
Also read: IEX Trading Volumes Up 44 Per Cent In Q1FY22
No REC trading
The REC trading session, scheduled for July 28, 2021 did not take place due to a stay order from Appellate Tribunal for Electricity (APTEL), in response to the petitions filed by a few renewable energy associations. RECs were last traded on IEX in June 2020, according to information available with T&D India.
(Note: MU = million units = million kwh = Gwh; BU =billion units = 1,000 MU)
