The Indian Energy Exchange (IEX), India’s leading power trading platform, reported a notable rise in power trading volumes for October 2024, highlighting robust growth across multiple sectors, particularly in green energy and real-time trading. According to IEX’s latest update, the total electricity traded volume reached 9,642 million units (MU), reflecting a 4% year-on-year increase.
The average price in the Day-Ahead Market (DAM) was recorded at ₹3.92 per unit, a substantial decrease of 39% compared to October 2023. The Real-Time Market (RTM) also saw significant traction, achieving 3,123 MU in traded volume—a 30% year-on-year surge. Lower market prices in both the DAM and RTM provide an attractive alternative for distribution companies (Discoms) and open-access consumers to purchase electricity economically.
The green energy sector displayed exceptional growth, with IEX’s Green Market (encompassing Green Day-Ahead and Green Term-Ahead segments) recording a 364% rise year-on-year, reaching a total volume of 872 MU. Specifically, the Green Day-Ahead Market alone traded 829 MU at an average price of ₹3.60 per unit. This shift underscores India’s growing inclination towards renewable energy solutions.
The Renewable Energy Certificate (REC) market also gained momentum, with IEX trading 444,000 RECs in two sessions during October, marking a 105% increase year-on-year. The RECs traded at prices of ₹110 and ₹120, respectively, in the October trading sessions.
IEX continues to provide a critical platform for accessible and transparent energy trade across India, meeting the increasing demands for efficiency and green energy. Future REC trading sessions are scheduled for November 13 and 27, highlighting ongoing opportunities in the REC market.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
