Indian Energy Exchange (IEX) Records 21% Surge in August Electricity Volumes Amidst Soaring Demand

5 Sep 2023 , 11:58 AM

Indian Energy Exchange (IEX) shares surged 3.5 % in early trade on September 5. IEX recorded a 21 % YoY jump in total electricity volumes to 8,469 million units in August. August experienced the lowest monthly rainfall since 1901, leading to high electricity demand. Energy demand reached an all-time peak of 236 GW on August 31.

IEX witnessed a 33 % YoY rise in electricity prices to Rs 6.89 per unit in August. Real-time market (RTM) volumes increased by 21% YoY to 2,738 million units in August. IEX achieved its highest-ever single-day volume of 135.28 million units in RTM on August 24.

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