Indian Energy Exchange achieves 7574 MU volume in April 2022; Stock marginally up

5 May 2022 , 12:14 PM

In the first month of the new fiscal year 2023, the Indian Energy Exchange achieved 7574 MU volume across all the market segments comprising 6989 MU in the conventional power market, 336 MU in the green power market, and 249 MU (2.49 lac Certificates) in the REC Market.

The volumes declined 1.7% vis-à-vis April’21 considering the power supply related constraints which also led to high clearing prices across all the market segments.

According to the power demand data published by the National Load Dispatch Center, during April’22 the energy consumption at 133 BU saw 11% YoY growth while the national peak demand at 207.11 GW saw 13% YoY growth.

On March 21, 2022, the CERC had notified Fifth Amendment in the Open Access In Inter-State Transmission Regulations and subsequently it approved the Procedure regarding the National Open Access Registry (NOAR)—a centralized automated tech based platform for facilitating open access, to be hosted, operated and implemented by POSOCO with effect from Sunday May 1, 2022.

In a leadership move, IEX successfully integrated its platform with NOAR on Sunday 1 May’22 for all the market segments - DAM, G-DAM, RTM, TAM, and G-TAM. Going forward, registration in NOAR will be a prerequisite for both collective as well as the bilateral transactions in the short-term power market.

The NOAR will facilitate seamless communication, process simplification, greater transparency, elimination of scope of human intervention, thereby unleashing greater efficiency and facilitating the power market development.

At around 12:03 PM, Indian Energy Exchange was trading at Rs203.65 apiece up by Rs0.55 or 0.27% from its previous closing of Rs203.10 apiece on the BSE.