Indian Energy Exchange (IEX) has achieved 9,044 MU overall volume in April 2024, marking a 14.1% year-over-year (YoY) increase. The renewable energy certificates (REC) at 618 MU, increased 211% YoY. At Rs 204 per certificate, the REC market recorded an all-time low price in the trading session held on April 24, 2024. The REC prices have declined by 80% on YoY basis. These prices provide an opportunity to obligated consumers to meet their Renewable Purchase Obligations, and voluntary customers to meet their sustainability aspirations.
The Market Clearing Price in Day Ahead Market during April 2024 at Rs 5.1/unit reduced approximately 6% year-on-year. The sell bids on the exchange (Day Ahead Market plus Real Time Market) during the month increased by 21% on YoY basis. The DAM prices were lower by almost 45% as compared to prices discovered under bilateral contracts.
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.
