IEX's stock under pressure as July Volume dipped 1.7% y-o-y

4 Aug 2022 , 10:22 AM

Indian Energy Exchange (IEX) Limited informed that it achieved 7,151 MU volume in July 2022, which includes 6,088 MU in the conventional power market, 589 MU in the Green Power Market, and 475 MU in the REC Market. The company reported a decline of 1.7% across all segments on a y-o-y basis.

As per the data published by National Load Dispatch Center on power demand, the energy consumption at 128 BU saw 2.3% yoy growth in July 2022. While sequentially, it recorded a decline of 4%. National peak demand declined by 5% yoy and was 10% lower on MoM basis owing to a good monsoon spell.

Due to the demand reduction, the clearing price in the Day-Ahead market reduced to Rs5.41 per unit in July 2022 as compared to Rs6.49 per unit in June 2022.

The Day-Ahead Market volume stood at 3,517 MU registering a 17% yoy decline during the month. The Real-Time electricity market achieved 2131 MU volume during the month, up by 34% yoy.

The Term-Ahead Market comprising intra-day, contingency, daily & weekly contracts traded 440 MU during the month, witnessing a contraction of 42%.

At around 10.26 AM, Indian Energy Exchange was trading at Rs166 down by Rs0.3 or 0.18% from its previous closing of Rs166.30 on the BSE. The scrip opened at Rs167 and has touched intraday high and low of Rs167.80 and Rs166 respectively.