Indian Energy Exchange (IEX) has achieved 8200 MU total volume in February 2023, including Green Power trade of 341 MU, 3.74 lakh RECs (Renewable Energy Certificate) (equivalent to 374 MU) and 1.54 ESCerts (Energy Saving Certificates) (equivalent to 154 MU).
While the average daily volume traded on the Exchange increased in February 2023 by 5% month-on-month (MoM), the overall volume declined 5% MoM due to lesser trading days vis-a-vis the previous month. The electricity volume on the Exchange in February 2023 at 7673 MU, registered 6% decline on year-on-year (YoY) basis and 7% MoM basis. The overall volume on the Exchange during the month was 8200 MU, degrowth of 7% on YoY basis.
IEX resumed trading of Energy Saving Certificates on February 14, 2023, after a gap of 14 months. During the month, nearly 1.54 lakh ESCerts (equivalent to 154 MU) were traded on IEX, with 97% market share.
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.
