Indian Energy Exchange (IEX) achieved 110 BU (billion units or billion kwh) in FY24, registering an increase of 13.8 per cent over those in FY23, an official IEX release said.
The Government undertook several measures which led to a better supply scenario in the country, as a result of which the sell side liquidity improved on the Exchange. During the year, the sell liquidity on the exchange increased by 16.9 per cent year-on-year, which led to a decline in the DAM prices from Rs.5.94 per kwh in FY23 to Rs.5.24 per kwh in FY24, implying a decline of 12 per cent year-on-year, the release noted.
FY24 witnessed several favourable policy and regulatory interventions that further deepened power markets. Notable among these were the General Network Access (GNA) regulation, the Indian Electricity Grid Code (IEGC) regulations, and Transmission Charges Sharing regulations. Further there were amendments in the Electricity Late Payment Surcharge Rules of 2024, which requires the sale of URS power on exchanges, IEX said.
According to government data, for the year, the energy requirement at 1,626 BU grew by 7.5 per cent year-on-year in FY24.
Green Market
IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 3,227 MU in FY24, while the comparable figure for G-DAM segment stood at 2,502 MU. The Green Term-Ahead Market (G-TAM), recorded 725 MU for FY’24
REC Market
Traded volume of REC (Renewable Energy Certificates) in FY24 stood at 7,539 MU corresponding to 75.39 lakh RECs in FY24. REC traded volume in FY24 increased by around 26 per cent over FY23. The next REC trading sessions on IEX are scheduled on April 10, 2024 and April 24, 2024.
Energy Saving Certificates (ESCerts)
During FY24, a total of 8.55 lakh ESCerts (equivalent to 855 MU) were traded on IEX, at the floor price of Rs.1,840 per ESCert. Trading of Energy Saving Certificates Market (ESCerts) under PAT Cycle III is scheduled to start from April 9, 2024.
