IEX achieves 5Percentage MoM growth in volumes in September

8 Oct 2022 , 01:32 AM

Indian Energy Exchange achieved 8160 MU volume in September 2022 registering 5Percentage MoM growth This comprised 7118 MU in the conventional power market 454 MU in the Green Power Market and 588 MU 588 lac Certificates in the REC Market The supply side constraints continued because of high prices of e- auction coal imported coal and gas This led to the average clearing price in the Day-ahead market rising to Rs 563 in September which was 9Percentage higher on MoM basis and 28Percentage higher on YoY The total volume in September22 was lower by 8Percentage on YoY basis while in the second quarter of the fiscal year 2023 the Exchange Market registered 23115 MU volume which was lower by 11Percentage YoY across market segments Cumulatively the total volume traded in H1 FY2023 marginally declined by 1Percentage over H1FY22 According to the power demand data published by the National Load Dispatch Center the energy consumption at 127 BU saw 11Percentage YoY growth during September 22 The national peak demand at 199 GW grew 10Percentage YoY