Total trading volume on Indian Energy Exchange (IEX) during the first half (April to September) of FY23 was marginally lower by 1 per cent over the comparable level in FY22, a release from IEX noted.
Meanwhile, in September 2022, total volume traded on IEX was 8,160 MU (million units or million kwh or Gwh), regarding a 5 per cent growth over August 2022.
The total volume included 7,118 MU in the conventional market, 454 MU in the green power market, and 588 MU (corresponding to 5.88 lakh RECs) in the REC market.
The average clearing price in the Day-ahead Market rose to Rs.5.63 per unit in September 2022 — 9 per cent higher than in August 2022 and 28 per cent more than in September 2021.
High e-auction coal price and soaring imported coal prices and international LNG prices resulted in the market clearing price increasing by 9 per cent on month-on-month basis to Rs.5.63 per unit as against Rs.5.17 per unit in August 2022.
Despite this, the Day-Ahead Market volume increased from 3,529 MU in August 2022 to 4,050 MU in September 2022 — a 15 per cent rise. However, high prices led to lower volume in Day-ahead Market by 37 per cent on year-on-year basis. In the second quarter of FY 2023, 11,095 MU volume was traded on the day-ahead market.
The Real-Time Electricity Market achieved 2,193 MU volume during the month, registering 19 per cent year-on-year growth. The highest single-day volume of 104 MU was achieved on September 25, 2022. There were 614 participants in this segment during the month.
The Real-Time Market achieved a cumulative trade of 6,589 MU in Q2 (July to September ) of FY23, registering a robust 24 per cent year-on-year growth. The consistent growth of real-time electricity market is an indication of growing reliance of the distribution utilities and industries to achieve power demand-supply balancing in real-time in the most efficient manner.
Green Market
IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 454 MU volume during September 2022, with 4 per cent month-over-month growth.
The Green Day-Ahead Market achieved 324 MU volume with a weighted average price of Rs.5.42 per unit. The market saw participation from 747 market participants during the month, with the highest number of participants in a single day at 614 on September 5, 2022.
The Green Term-Ahead Market achieved 129 MU volume with an average monthly price of Rs.5.05 per unit for solar, Rs 6.15 per unit for non-solar.
Also read: IEX Records 7805 MU Volume In August 2022, Up 9 Per Cent Over July
REC Market
A total of 5.88 lakh RECs were cleared in the trading session at IEX held on September 28, 2022. The volume comprised 1.98 lakh non-solar RECs with clearing price at Rs.1,000 per REC. Increased inventory of solar RECs saw the clearing price reaching floor-level at Rs.1,000 per REC, with 3.90 lakh solar RECs traded during the month.
The next REC trading session at the Exchange is scheduled on October 26, 2022.
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