Overall volume on IEX grows 19 per cent in July 2023

 

Indian Energy Exchange (IEX) achieved 8,522 million units (million kwh or MU) of trading volume in July 2023 that was 19 per cent higher than in July 2022.

In a release, IEX said that its July 2023 volume included green market trade of 275 MU, REC (renewable energy certificate) trading worth 624 MU and the equivalent of 70 MU of trading in energy saving certificates (ESCerts).

The price during July 2023, at Rs.4.55 per kwh was 16 per cent lower year-on-year, due to improved sell-side liquidity on the IEX platform.

The supply scenario continued to ease during the month due to robust coal production, reduction in prices of e-auction coal and imported fuel. In the coming months, higher liquidity is expected to result in more competitive prices on the exchanges, giving further optimisation opportunities to discoms and Open Access (OA) consumers, IEX said.

A total of 6.24 lakh RECs (equivalent to 624 MU) were cleared in the trading session at IEX held on Wednesday, July 26,2023, at the price of Rs.650 per REC.

Also read: Indian Energy Exchange Launches RTM

The next REC trading session at the Exchange is scheduled on August 30, 2023.

During July 2023, a total of 70,222 ESCerts (equivalent to 70 MU) were traded on IEX, at the floor price of Rs.1,840 per ESCert