iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

IEX achieves 7764 MU total volume traded in November

5 Dec 2022 , 12:10 PM

Indian Energy Exchange achieved 7764 MU total volume traded in November 2022, including Green Power trade of 354 MU, and 3.72 lac RECs (equivalent to 372 MU).
The total electricity volume traded on the Exchange in November22 was 7392 MU, an increase of 9% on YoY. However, the overall volume reduced 16% YoY, as the corresponding month last year had exceptionally high REC volumes of 24.4 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 13% on YoY basis. The Day Ahead Market clearing price was Rs. 4.60 per unit as against Rs. 3.08 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 8% YoY and 18% on MoM basis, to reach 5084 MU in November 2022. The Real-Time Electricity Market achieved 1407 MU volume during the month, registering 7% YoY growth. There were 678 participants in this segment during the month. The Term-Ahead Market (TAM), comprising intra-day, contingency, daily & weekly contracts, and LDCs traded 547 MU during the month, growing by an impressive 81% 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 12% on MoM basis. The Green Day-Ahead Market achieved 288 MU volume with a weighted average price of Rs 4.31 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. 5.01/unit for Solar, Rs 5.66/unit for Non-Solar. A total of 3.72 lacs RECs were cleared in the trading session at IEX held on Wednesday, 30th November22. The volume comprised 0.68 lacs Non-Solar RECs with clearing price at Rs 1,000 per REC. Increased inventory of solar RECs saw the clearing price reaching floor-level at Rs. 1000 per REC, with 3.03 lacs Solar RECs traded during the month. In November 2021, IEX had achieved 24.4 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.Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.