Latest news with #IEX
Business Standard
17 hours ago
- Business
- Business Standard
IEX electricity volume climbs 14% YoY to 10,946 MU in May'25
Indian Energy Exchange (IEX) informed that it has achieved monthly electricity volume of 10,946 million units (MU) in May 2025, registering a growth of 14% YoY basis. During the month, the company has traded 17.43 lakh renewable energy certificates, recording a 55% YoY increase. According to government data published in May 2025, the country's energy consumption reached 148.7 billion units, marking a 4% decline compared to the previous year. The Day-Ahead Market (DAM) volume achieved 3,510 MU volume in May25 as compared to 4,371 MU volume in May24, decline of 20% YoY. The Real-Time Electricity Market (RTM) reported highest ever monthly traded volume in May25. The RTM volume increased to 4,770 MU in May25, from 3,352 MU in May'24, registering an increase of 42% YoY. The Day Ahead Contingency and Term-Ahead Market (TAM), which includes contingency, daily, weekly, and monthly contracts up to three months, traded 1,684 million units (MU) in May25, up 42% YoY. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 915 MU volumes during May25 as compared to 622 MU in May24, registering an increase of 47 % YoY. The weighted average price in Green Day-Ahead Market (G-DAM) for May25 was Rs 3.59/unit. A total of 17.43 lakh RECs were traded in the trading sessions held on 14th May25 and 28th May25, at a clearing price of Rs.345/REC and Rs. 349/REC respectively. REC traded volume in May25 increased by 65% on YoY basis. The next REC trading sessions at the Exchange are scheduled on 11th June25 and 25th June25. IEX is India's premier electricity exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable power, renewable energy certificates and energy saving certificates. The company's consolidated net profit rose 21.12% to Rs 117.11 crore on 17.29% increase in net sales to Rs 142.25 crore in Q4 March 2025 over Q4 March 2024. Shares of Indian Energy Exchange (IEX) rose 0.27% to Rs 201.80 on the BSE.
The Hindu
20 hours ago
- Business
- The Hindu
Spot electricity prices declined substantially in May, amid reduced demand: Indian Energy Exchange
Indian Energy Exchange (IEX), a leading electricity exchange platform, said spot prices declined substantially in May, amid reduced electricity demand driven by unseasonal rains and the early onset of the monsoon The Market Clearing Price in the Day Ahead Market (DAM) at ₹4.12/unit during May 2025, declined 22% year-on-year. Similarly, the Market Clearing Price in the Real Time Market (RTM) at ₹3.43/unit during May 2025, declined 28% year-on-year, IEX said in a statement. According to government data published in May 2025, the country's energy consumption stood at 148.7 billion units (BUs), marking a 4% decline compared to the previous year, it said. Also Read | Heatwaves drove 1/3rd of rise in India's power demand during 2024 summer: Report Unseasonal rains and the early onset of the monsoon kept temperatures lower than usual, leading to reduced electricity demand. Concurrently, increased hydro, wind, and thermal generation resulted in higher supply liquidity on the exchange platform which led to a substantial drop in DAM and RTM prices, IEX said. These prices presented an opportunity for Discoms and Commercial & Industrial consumers to meet their demand at a competitive price and to replace their costlier power by procuring through exchanges, it said. DAM volumes declined 20% to 3,510 million units (MU) in May 2025 from 4,371 MU in May 2024, while RTM reported the highest ever monthly traded volume. RTM volumes increased 42% to 4,770 MU in May 2025 from 3,352 MU in May 2024. Spot power prices in India dropped to zero on May 25 from 8AM to 1PM for the first time on May 25, amid weak demand, IIFL Capital said in a recent report Only 7% of India's electricity generation is traded through three power exchanges.
Time of India
21 hours 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.
Time of India
21 hours ago
- Business
- Time of India
IEX logs 10,946 MU traded volume in May; REC trades up 65% YoY
New Delhi: Indian Energy Exchange ( IEX ) recorded a total electricity traded volume of 10,946 million units (MU) in May 2025, reflecting a 14 per cent increase over the same month last year. The Renewable Energy Certificates (REC) market reported 17.43 lakh units traded, registering a 65 per cent year-on-year increase. Government data for May 2025 pegged total energy consumption at 148.7 billion units (BUs), down 4 per cent year-on-year. The decline in demand was attributed to unseasonal rains and early monsoon, which led to lower temperatures. Increased generation from hydro, wind, and thermal sources enhanced supply liquidity, resulting in reduced Market Clearing Prices. In the Day-Ahead Market (DAM), the Market Clearing Price fell 22 per cent year-on-year to Rs 4.12 per unit, while the Real-Time Market (RTM) price dropped 28 per cent to Rs 3.43 per unit in May 2025. Lower prices facilitated cost-effective procurement of power by discoms and commercial and industrial (C&I) consumers. The Day-Ahead Market traded 3,510 MU in May 2025, compared to 4,371 MU in May 2024, a decline of 20 per cent year-on-year. The Real-Time Market (RTM) recorded its highest-ever monthly volume at 4,770 MU, up 42 per cent from 3,352 MU in May 2024. The Day-Ahead Contingency and Term-Ahead Market (TAM), comprising contingency, daily, weekly, and monthly contracts up to three months, traded 1,684 MU in May 2025, up from 1,221 MU in May 2024, marking a 38 per cent increase. The Green Market , including Green Day-Ahead Market (G-DAM) and Green Term-Ahead Market (G-TAM), reported a total traded volume of 915 MU in May 2025, up 47 per cent from 622 MU in May 2024. The weighted average price in G-DAM stood at Rs 3.59 per unit. In the REC market, a total of 17.43 lakh certificates were traded in sessions held on May 14 and May 28 at clearing prices of Rs 345 and Rs 349 per REC, respectively. The next REC trading sessions are scheduled for June 11 and June 25.
Mint
a day ago
- Business
- Mint
IEX electricity trade volume rises 14 pc to 10,946 million units in May
New Delhi, Jun 4 (PTI) 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 period. IEX 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 said. Market clearing price in the Day Ahead Market was at ₹ 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 ₹ 3.43/unit last month. The 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 cent. The 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 cent. Day 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 2024. The weighted average price in Green Day-Ahead Market (G-DAM) for May 2025 was ₹ 3.59/unit.
