The overall volume traded on Indian Energy Exchange (IEX) in May 2023, at 8,251 million kwh (MU) was 8 per cent higher than that in May 2022, an official release said.
The price during May 2023 was Rs.4.74 per kwh, declining 30 per cent from Rs.6.76 per kwh in May 2022, due to improving supply side scenario leading to increased liquidity as well as cooler weather conditions.
While increase in power demand is expected in the coming months, the supply side liquidity is likely to further improve due to enhanced coal supply, reduction in e-auction coal prices, and consistently declining imported coal and gas prices. This will lead to competitive prices and higher clearance for discoms and OA consumers, IEX said.
New services
Meanwhile, IEX commenced Tertiary Reserve Ancillary Services (TRAS) Market Segment from Delivery Date June 1, 2023 for Day Ahead Market Ancillary Services (DAM-AS) and Real Time Market Ancillary Services (RTM-AS).
Also read: Indian Energy Exchange Launches RTM
Certificate Market
A total of 1.42 lakh RECs were cleared in the trading session at IEX held on May 31, 2023, with price of Rs.899 per REC. The order passed by the Delhi High Court on May 11, 2023, vacating its earlier order that suspended trading of RECs issued prior to October 31. 2022, led to availability of additional REC inventory, IEX said, adding that the next REC trading session on IEX is scheduled for June 28, 2023. During May 2023, a total of 2.02 lakh ESCerts (equivalent to 202 MU) were traded on IEX, at the floor price of Rs.1,840 per ESCert.
