IEX Achieves Highest Monthly Electricity Traded Volume of 11,132 MU in December’24

Indian Energy Exchange achieved highest ever monthly electricity traded volume of 11,132 MU in December’24, marking a 29 percent increase on year-on-year basis. During the month, IEX traded 16.62 lakh renewable energy certificates recording a 58 percent year on year increase.

For the nine months of the fiscal year 2025, IEX achieved electricity traded volume of 88,981 MU, marking a 19 percent year on year increase.
 
For the third quarter of the fiscal year 2025, IEX achieved electricity traded volume of 30,464 MU, marking a 16 percent year on year increase. During the quarter, IEX traded 26.52 lakh renewable energy certificates recording a 31 percent year on year increase.
 
According to government data published in December '24, the country's energy consumption reached 130.40 BUs, increase of nearly  percent compared to the previous year. During the month, the Day Ahead Market segment at IEX recorded a robust ~57 percent YoY increase in supply-side volumes. This rise in supply helped moderate prices. For the month of December 2024, the Market Clearing Price in the Day Ahead Market was INR 3.89/unit, marking a 14 percent YoY decrease. These prices presented an opportunity for Discoms and Open Access consumers to replace their costlier power by procuring through exchanges.
 
For Q3FY’25, the prices in the Day Ahead market averaged Rs 3.71/unit, a decline of ~26 percent YoY, due to availability of ample supply liquidity.

The Day-Ahead Market (DAM) achieved 6,674 MU volume in Decemeber’24 as compared to 4,798 MU volume in December’23, an increase of 39 percent YoY. The DAM segment registered total volumes of 16,712 MU during Q3 FY '25, an increase of 14 percent over Q3 FY '24.
 
The Real-Time Electricity Market (RTM) volume increased to 3,180 MU in December‘24, from 2,405 MU in December'23, registering an increase of 32 percent YoY. The RTM segment registered volume of 9,322 MU during Q3 FY '25, increasing 30 percent over Q3 FY '24.
 
Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 498 MU during December ’24, lower by 59 percent on YoY basis. The total volume on the segment during the quarter was 1,960 MU, decline of 49 percent over Q3 FY’24.

A total of 16.62 lakh RECs were traded in the trading sessions held on 11th December ’24 and 26th December’24, at a clearing price of INR 260/REC and INR 316/REC respectively. REC traded volume in December’24 increased by 58 percent on YoY basis. A total of 26.52 lakh RECs were traded during Q3 FY’25, an increase of 31 percent YoY.
 
The next REC trading sessions at the Exchange are scheduled on 8^th January ’25 and 29^th January ’25.