IEX achieves 7764 MU total volume traded in November

10 Dec 2022 , 01:34 AM

Indian Energy Exchange achieved 7764 MU total volume traded in November 2022 including Green Power trade of 354 MU and 372 lac RECs equivalent to 372 MU

The total electricity volume traded on the Exchange in November22 was 7392 MU an increase of 9Percentage on YoY However the overall volume reduced 16Percentage YoY as the corresponding month last year had exceptionally high REC volumes of 244 lacs to fulfil the pent-up demand caused by a 16-month gap of trading

Improving coal inventory and onset of winters will lead to further price correction on the Exchange providing cost optimisation opportunities to Discoms and Open Access consumers

According to the power demand data published by the National Load Dispatch Center the energy consumption stood at 113 BU during November 22 increasing 13Percentage on YoY basis

The Day Ahead Market clearing price was Rs 460 per unit as against Rs 308 per unit in the previous corresponding year due to supply constraints caused by geopolitical factors Despite the increased price the Day-Ahead Market volume increased 8Percentage YoY and 18Percentage on MoM basis to reach 5084 MU in November 2022

The Real-Time Electricity Market achieved 1407 MU volume during the month registering 7Percentage YoY growth There were 678 participants in this segment during the month

The Term-Ahead Market TAM comprising intra-day contingency daily amp; weekly contracts and LDCs traded 547 MU during the month growing by an impressive 81Percentage on YoY basis

IEX Green Market comprising the Green Day-Ahead and Green Term-Ahead Market segments achieved 354 MU volume during November 22 declining 12Percentage on MoM basis

The Green Day-Ahead Market achieved 288 MU volume with a weighted average price of Rs 431 per unit The market saw participation from 178 market participants during the month with the highest number of participants in a single day at 125 on 28 November 2022

The Green Term-Ahead Market achieved 66 MU volume with an average monthly price of Rs 501unit for Solar Rs 566unit for Non-Solar

A total of 372 lacs RECs were cleared in the trading session at IEX held on Wednesday 30th November22 The volume comprised 068 lacs Non-Solar RECs with clearing price at Rs 1000 per REC Increased inventory of solar RECs saw the clearing price reaching floor-level at Rs 1000 per REC with 303 lacs Solar RECs traded during the month In November 2021 IEX had achieved 244 lacs REC trade after it resumed trading in the REC market after a gap of almost 16 months following CERC Order dated 18 November 2021

The next REC trading session at the Exchange is scheduled on Wednesday 28 December 2022