Indian Energy Exchange trades 9,035 MU volume in December 2021 with growth across all its market segments

5 Jan 2022 , 03:01 PM

On Wednesday, the  Indian Energy Exchange announced that it traded 9035 MU cleared volume in December’21 comprising 7285 MU in the conventional power market; 365 MU in the green power market and 1385 MU (13.85 lac Certificates) in the REC Market. Overall, the Exchange achieved 24% YoY volume growth in December’21 across all its market segments.

For the third quarter of the fiscal year 2022, IEX has recorded 27,677 MU volume and achieved 37% YoY growth across all its market segments.

As per the power demand data published by the National Load Dispatch Center, the energy consumption at 110.34 BU saw 3.12 % YoY growth while the national peak demand at 183.39 GW saw a mere 0.2 % YoY growth during Dec’21.

Key highlights of December 2021 are:

1. The Day-ahead Market volume at 5423 MU saw a 15% MoM increase and a 3% YoY decline. The average market clearing price at Rs 3.54 per unit in Dec’21 saw a 15% MoM and 25% YoY increase. For the third quarter of the fiscal year 2022, the day-ahead market traded 16,710 MU and registered a 5% YoY growth.

2. The Term-ahead Market comprising intra-day, contingency, daily & weekly contracts traded 350 MU during the month. Cumulatively, for the third quarter, the term-ahead market traded a total of 878 MU and registered a 2% YoY decline.

3. The Real-time Electricity Market achieved 1512 MU volume and saw a significant 34% YoY growth with the average monthly price at Rs 3.61 per unit. The highest single-day volume of 67.5 MU was achieved on 3 December. For the third quarter, the market achieved a cumulative 4,822 MU volume and registered a robust 70% YoY growth.

4. The Green Day-Ahead Market (GDAM) achieved 157 MU volume during Dec’21 with the weighted average price of Rs 4.09 per unit and saw participation from 105 participants. The Green Term-Ahead Market (GTAM) achieved 208 MU volume during Dec’21 and saw a significant 131% YoY growth with participation from 39 participants. Overall, in Q3FY22, 365 MU volume was traded and cleared in both segments. For the third quarter, the market achieved 1,194 MU volume registering a growth of 158% YoY.

At around 3 pm, IEX was trading at Rs260.35 per piece down by 0.5% on Sensex.