Indian Energy Exchange (IEX) has achieved 8,522 million units (MU) overall volume in July 2023, including green market trade of 275 MU, 6.24 lakh Renewable Energy Certificate (RECs) (equivalent to 624 MU) and 70,222 ESCerts (equivalent to 70 MU). The overall volume traded during the month increased 19% on YoY basis. The price during July 2023 was Rs 4.55/unit, lower 16% Year-on-Year, due to improved sell side liquidity on the Exchange platform.
The supply scenario continued to ease during the month due to robust coal production, reduction in prices of e-auction coal and imported fuel. In the coming months, higher liquidity is expected to result in more competitive prices on the Exchanges, giving further optimisation opportunities to Discoms and Open Access consumers. As per data published by GRID-INDIA, energy met in the country during July 2023 stood at 139 billion units (BU), increasing 9% on YoY basis.
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.
