IEX records 17Percentage decline in volume in July on YoY basis

6 Aug 2022 , 01:32 AM

Indian Energy Exchange achieved 7151 MU volume in July22 comprising 6088 MU in the conventional power market 589 MU in the Green Power Market and 475 MU 475 lac Certificates in the REC Market with a decline of 17Percentage across all market segments on YoY basis According to the power demand data published by the National Load Dispatch Center during July22 the energy consumption at 128 BU saw 23Percentage YoY growth whereas there was a decline of 4Percentage wrt June22 The national peak demand at 190 GW was lower by 5Percentage YoY and 10Percentage lower on MoM basis due to good monsoon spell Because of the reduction in demand the clearing price in the Day- Ahead Market reduced to Rs 541 per unit in July22 from Rs 649 per unit in June22 The Day-Ahead Market volume at 3517 MU saw a decline of 17Percentage YoY during the month The market clearing price was Rs 541 per unit which was lower by 17Percentage on MoM basis Because of supply constraints the clearing price was high by 84Percentage wrt same period last year The Real-Time Electricity Market achieved 2131 MU volume during the month registering a growth of 34Percentage YoY The highest single-day volume of 8916 MU was achieved on 20 July22 The Term-Ahead Market comprising intra-day contingency daily weekly contracts traded 440 MU during the month registering de-growth of 42Percentage IEX Green Market comprising the Day-Ahead and Term-Ahead Market segments achieved 589 MU volume during July22 registering decline of 13Percentage YoY The Green Day-Ahead Market achieved 446 MU volume with the weighted average price of Rs 463 per unit and saw participation from 169 market participants during the month The highest number of participants in a single day was 116 on July 12 The Green Term-Ahead Market achieved 142 MU volume and witnessed participation from 18 market participants The average monthly price for Solar was Rs 339 per unit while the average monthly price for Non-Solar green power was Rs 578 per unit The key distribution utilities from States including Haryana Daman Diu – Dadra Nagar Haveli Telangana Gujarat Punjab as well as several industrial consumers participated in the Exchanges Green Market during the month A total of 475 lacs RECs were cleared in the trading session at IEX held on Wednesday 27 July22 The volume comprised 308 lacs Non-Solar RECs with clearing price at Rs 1000 per REC and 167 lacs Solar REC with clearing price at Rs 1100 per REC The next REC trading session at the Exchange is scheduled on Wednesday 31 August 2022