Trade Volume Surges 21% On IEX

New Delhi: Indian Energy Exchange’s (IEX) total trade volume rose 24 per cent year-on-year to 11,370 million units (MU) in September this year.The electricity volume increased 21 per cent year-on-year to 10,332 MU in September, an IEX statement said on Monday. According to the statement, IEX achieved total monthly (trade) volume (including certificates) of 11,370 MU in September 2024, marking a 24 per cent year-over-year increase. The Renewable Energy Certificates (REC) at 1,031 MU, increased 100 per cent year-on-year. At Rs 110 per certificate, the REC market recorded an all-time low price in the trading session held on September 25, 2024. These prices provide an opportunity to obligated entities (DISCOMS and Captive Power Producers) to meet their Renewable Purchase Obligations, and voluntary customers to meet their sustainability aspirations. With a steady monsoon in September, there was a significant rise in hydro and wind power generation, which led to a substantial drop in Day-Ahead Market (DAM) and Real-Time Market (RTM) prices, resulting in higher trading volumes during the month, IEX said. The Market Clearing Price in the Day Ahead Market at Rs 4.18/unit during September 2024, declined 33 per cent year-on-year. Similarly, the Market clearing price in the Real Time Market at Rs 3.98/unit during September 2024, declined 28 per cent year-on-year. The Day-Ahead Market (DAM) volume increased to 4,610 MU in September 2024, from 3,467 MU in September 2023, registering an increase of 33 per cent YoY.