Latest news with #DayAheadMarket
Mint
a day ago
- Business
- Mint
IEX share price jumps over 4% after strong growth in electricity trade volumes. Should you buy?
Indian Energy Exchange (IEX) share price rallied over 4%, extending gains for the second consecutive session, after the company reported strong growth in electricity trade volumes. IEX share price surged as much as 4.70% to a high of ₹ 211.75 apiece on the BSE. IEX reported over 14% growth in electricity traded volume at 10,946 million units (MU) in May as compared to 9,568 MU in the year-ago period. A total of 17.43 lakh Renewable Energy Certificates (RECs) were traded during the month, registering a 65% year-on-year (YoY) increase, IEX said in a regulatory filing. Market clearing price in the Day Ahead Market (DAM) was at ₹ 4.12 per unit during May 2025, a decline of 22% YoY. Market clearing price in the Real Time Market fell 28% YoY at ₹ 3.43 per unit last month. The DAM achieved 3,510 MU volume last month, a decline of 20% from 4,371 MU volume in May 2024. The Real-Time Electricity Market (RTM) reported the highest ever monthly traded volume as the volume increased to 4,770 MU in May 2025 from 3,352 MU a year ago, an increase of 42%. Electricity derivatives are expected to complement the spot market (where IEX is present) over time by drawing in more participants, analysts said. 'Parallelly spot power requirement from renewable integration, real time balancing thereby stabilizing or even increasing spot volumes as seen in EU. IEX's business offers optionality as it aims to launch Green RTM product, 11-month contract (40 BU opportunity) International Carbon Exchange, and Coal Exchange. Over the mid to long term, an uptick in renewable power (from 44% share in FY24 to 60% by FY30) offers continuous opportunity for volume uptick for power exchanges in India,' said Antique Stock Broking. IEX has net cash on the balance sheet at ₹ 1,000 crore and a RoE of 40%. At a PER of 32x FY27E EPS, IEX share price is trading near its historical average, said the brokerage firm. It models 17% annual volume growth over FY26–27E, leading to a similar increase in PAT. Valued at 40x FY27E EPS, Antique Stock Broking maintains a 'Buy' rating on IEX shares with a target price of ₹ 254 apiece. IEX share price has broken out of a 22-week-long double bottom flat base at ₹ 191 and is now heading towards the major resistance at the swing high of ₹ 229, noted Anshul Jain, Head of Research at Lakshmishree Investments. 'Post breakout, IEX stock price has formed a minor base, which is acting as a propeller for continued momentum. The structure remains bullish, supported by strong price action, and further upside is expected as long as the stock sustains above its breakout zone,' Jain said. IEX share price has gained 28% in three months and 16% on a YTD basis. IEX stock has delivered 71% returns in two years and multibagger returns of 281% in five years. At 9:55 AM, IEX share price was trading 4.70% higher at ₹ 211.75 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
6 days ago
- Business
- Time of India
IEX electricity trade volume jumps 14% to 10,946 MU in May
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Indian Energy Exchange (IEX) on Wednesday said it has logged over 14 per cent growth in electricity traded volume at 10,946 million units (MU) in May as compared to the year-ago had achieved monthly electricity trade volume of 9,568 MU in May 2024, the company data showed.A total of 17.43 lakh Renewable Energy Certificates (RECs) were traded during the month, marking a 65 per cent year-on-year increase, an IEX statement clearing price in the Day Ahead Market was at Rs 4.12/unit during May 2025, a decline of 22 per cent year-on-year. Market clearing price in the Real Time Market fell 28 per cent year-on-year at Rs 3.43/unit last Day-Ahead Market (DAM) achieved 3,510 MU volume last month as compared to 4,371 MU volume in May 2024, a decline of 20 per Real-Time Electricity Market (RTM) reported highest ever monthly traded volume in May 2025 when the volume increased to 4,770 MU from 3,352 MU a year ago, an increase of 42 per Ahead Contingency and Term-Ahead Market (TAM), comprising contingency, daily & weekly and monthly contracts up to 3 months, traded 1,684 MU in May 2025 as compared to 1,221 MU a year ago. IEX Green Market , comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 915 MU volume during the month under review as compared to 622 MU in May weighted average price in Green Day-Ahead Market (G-DAM) for May 2025 was Rs 3.59/unit.
Business Standard
05-05-2025
- Business
- Business Standard
IEX power market update for April'25
Electricity traded volumes rise 26% YoY basis to 10,584 MU Indian Energy Exchange, India's premier electricity exchange, achieved monthly electricity traded volume of 10,584MU in April '25, marking a 26% increase on year-on-year basis. A total of 2.90 lakh Renewable Energy Certificates were traded during the month. According to government data published in April '25, the country's energy consumption reached 147.5 BUs, increase of 2.2% compared to the previous year. On 25th April 2025, peak demand reached 235GW,surpassing the maximum peak demand of 224GW recorded in April 2024. Despite the increase in power demand, the average market clearing price in the Day Ahead Market during April'25 remained competitive at Rs. 5.20/unit, similar to last year, due to increased supply. Looking ahead to FY'26, peak power demand is expected to exceed 270 GW. In response to this rising demand, the government has implemented necessary measures, including the mandatory operation of imported coal-based plants, gas-based plants, and better availability of coal. These measures will also enhance sell liquidity on the power exchanges. ELECTRICITY MARKET: DAY- AHEAD, TERM- AHEAD & REAL-TIME MARKET The Day-Ahead Market (DAM) achieved 4,231 MU volume in April'25 as compared to 4,116 MU volume in April'24, an increase of 3% YoY. The Real-Time Electricity Market (RTM)volumeincreasedto3,893MUinApril25,from2,629 MUinApril'24, registering an increase of 48% YoY. Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 1,639 MU in April'25 as compared to 1,276 MU volume in April'24, an increase of 28% YoY. GREEN MARKET:GREEN DAY-AHEAD & GREENTERM-AHEAD MARKET IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 782 MU volume during April'25 as compared to 402 MU in April'24, registering an increase of 95 % YoY. The weighted average price in Green Day-Ahead Market (G-DAM) for April'25 was Rs 4.07/unit. A total of 2.90 lakh RECs were traded in the trading sessions held on 09th April'25 and 30th April'25, at a clearing price of Rs.300/REC and Rs. 350/REC respectively. The next REC trading sessions at the Exchange are scheduled on 14th May'25 and 28th May'25.
