Indian Energy Exchange (IEX) witnessed a trading volume of 102,035 million kwh (million units or MU) in FY22, which is an all-time high, the exchange said in a release. Trading volumes in FY22 were 38 per cent higher than those in FY21.
The growth in electricity volumes on the IEX platform clearly underlines the value delivered by the IEX platform to the generators, distribution utilities and the industrial consumers in facilitating the most competitive, flexible, and efficient power trade, IEX said.
For FY22, the national peak demand for electricity, at 200.5 GW, was 5.5 per cent higher than in FY21, while electricity consumption, at 1371.7 billion kwh was about 8 per cent higher on a year-on-year basis.
Conventional market
For FY22, the conventional electricity market on IEX achieved 90,817 MU seeing 23 per cent year-on-year growth. This market included the day-ahead market (61,151 MU of trading volume and 7.8 per cent year-on-year growth); term-ahead market (5756 MU; 74.2 per cent) and real-time market (19,910 MU; 110 per cent).
Green market
The green market on IEX recorded 4,854 MU of volumes in FY22, registering a 517 per cent year-on-year growth. Of this total volume, the green term ahead market achieved 3,933 MU while the green day-ahead market accounted for the remaining 921 MU.
Also read: Unsold RECs Before Impugned Order Of June 2020, Now Valid: CERC
REC trading
A total of 60.78 lakh renewable energy certificates (REC) were traded on IEX in FY22. It may be mentioned that trading in RECs on power exchanges did not take place during the entire year. The 60.78 lakh RECs traded on IEX in FY22 corresponded to 6078 MU of electricity. Meanwhile, the next REC trading session on IEX is scheduled on Wednesday 27 April 2022.
ESCerts
During FY22, the Energy Saving Certificates (ESCerts) market on IEX accomplished a cumulative trade of 286,142 ESCerts equivalent to 286 MU volume of electricity.
