Indian Energy Exchange logs 7805 MU volume in August'22; stock jumps ~2%

The conventional electricity market logged 6517 MU, the green power market logged 437 MU, and the REC market received 851 MU (8.51 lac Certificates).

The overall volume in August’22 was 18% lower on a year on year basis.

The Day Ahead market’s average clearance price grew 2% y-o-y, from Rs5.06 per unit in August’21 to Rs5.17 in August’22. Supply-side limitations persisted owing to high import coal costs, fuel shortages, and rising e-auction pricing.

According to the National Load Dispatch Center’s power demand data, energy usage at 130.4 BU increased by 1% year on year in August’22. While national peak demand at 195 GW increased by 2.6% over the last month, it fell by 1% y-o-y owing to a strong monsoon season.

A total of 8.51 lacs RECs were cleared in the IEX trading session on Tuesday, August 30, a 79% rise on a MoM basis.

The Term-Ahead Market, comprising intra-day, contingency, daily & weekly contracts, traded 723 MU during the month, registering 17% y-o-y growth and 64% growth over the previous month.