Indian Energy Exchange (IEX) has achieved 9,136 million units (MU) overall volume in November 2023, including 7.55 lakh Renewable Energy Certificates (RECs) (equivalent to 755 MU), marking a 17.5% increase on YoY basis. IEX achieved 8,371 MU total electricity volume in November 2023, registering an increase of 13% on YoY basis.
According to government data published in November 2023, the country's energy consumption reached 120 billion units, representing an 8.5% increase on a year-on-year basis. The Market Clearing Price in Day Ahead Market during November 2023 was Rs 3.98/unit, down 13% year-on-year, due to a combination of factors including lower demand due to festive season, temperature drop and much improved sell side liquidity on the Exchange platform. Price on the exchange has been experiencing a downward trend and average monthly price is currently at its lowest levels this financial year, offering an opportunity for Discoms and industrial consumers to optimize their power procurement costs.
IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.
Company Name | CMP |
---|---|
NTPC | 387.70 |
Tata Power | 455.15 |
Power Grid Corp | 340.95 |
Adani Power | 869.80 |
Torrent Power | 1521.05 |
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