The Indian Energy Exchange achieved a total volume traded of 7764 MU in November 2022, including 354 MU in the Green Power trade and 3.72 lac RECs (equivalent to 372 MU).
The total volume of electricity traded on the Exchange in November 2022 was 7392 MU, a 9% increase y-o-y. However, overall volume decreased 16% yoy because the corresponding month last year had exceptionally high REC volumes of 24.4 lacs to meet the pent-up demand due to a 16-month trading gap.
Improving coal inventory and the onset of winter will result in further price corrections on the Exchange, providing Discoms and Open Access consumers with cost-cutting opportunities.
According to the National Load Dispatch Center's power demand data, energy consumption stood at 113 BU in November 2022, up 13% on a yoy basis.
Due to supply constraints caused by geopolitical factors, the Day Ahead Market clearing price was Rs4.60 per unit, up from Rs3.08 per unit in the previous corresponding year.
Despite the price increase, the Day-Ahead Market volume increased 8% yoy and 18% MoM to 5084 MU in November 2022.
At around 2.09 PM, Indian Energy Exchange was trading at Rs151.25 up by 0.7% from its previous closing of Rs150.20 on the BSE. The scrip touched intraday high and low of Rs152.30 and Rs150.10 respectively.
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