IEX Achieves 7764 MU Volume Traded in Nov 2022

The Indian Energy Exchange has achieved 7764 MU of total volume traded in November 2022, including green power trade of 354 MU, and 3.72 lac RECs (equivalent to 372 MU).
 
The total electricity volume traded on the exchange in November’22 was 7,392 MU, an increase of 9 per cent on YoY. However, the overall volume reduced 16 per cent YoY, as the corresponding month last year had exceptionally high REC volumes of 24.4 lacs to fulfil the pent-up demand caused by a 16-month gap of trading.
 
Improving coal inventory and the onset of winters will lead to further price correction on the exchange, providing cost optimisation opportunities to Discoms and Open Access consumers.
 
According to the power demand data published by the National Load Dispatch Center, the energy consumption stood at 113 BU during November’22, increasing 13 per cent on YoY basis.
 
IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 354 MU volume during November’22, declining 12% on MoM basis.
 
The Green Day-Ahead Market achieved 288 MU volume with a weighted average price of Rs 4.31 per unit. The market saw participation from 178 market participants during the month, with the highest number of participants in a single day at 125 on 28^th November 2022. 
 
The Green Term-Ahead Market achieved 66 MU volume with an average monthly price of Rs. 5.01/unit for Solar, Rs 5.66/unit for Non-Solar.
 
A total of 3.72 lacs RECs were cleared in the trading session at IEX on 30th November’22. The volume comprised 0.68 lacs Non-Solar RECs with clearing price at Rs 1,000 per REC. Increased inventory of solar RECs saw the clearing price reaching floor-level at Rs. 1000 per REC, with 3.03 lacs Solar RECs traded during the month.
 
In November 2021, IEX had achieved 24.4 lacs REC trade, after it resumed trading in the REC market after a gap of almost 16 months, following CERC Order dated 18 November 2021.