The volume of electricity traded on Indian Energy Exchange (IEX) was 16 per cent higher, year-on-year, in January 2025.
According to an IEX release, the exchange achieved electricity traded volume of 10,910 MU in January 2025, marking a 16 per cent increase compared with volumes in January 2024.
IEX recorded highest ever monthly trade of RECs in January 2025. A total of 38.03 lakh Renewable Energy Certificates (REC) were traded during the month —150 per cent higher, year-on-year.
According to government data published in January 2025, the country’s energy consumption reached 137.5 BU, an increase of 2.7% compared to the previous year. During the month, increased supply side liquidity in the DAM segment contributed to moderating prices on the exchange. The Market Clearing Price in the Day Ahead Market at Rs.4.43 per kwh during January 2025, declined 24 per cent year-on-year. These prices presented an opportunity for discoms and C&I consumers to meet their demand at a competitive price and to replace their costlier power by procuring through exchanges, the release said.
REC trading
IEX recorded highest ever monthly trade of RECs in January 2025 when a total of 38.03 lakh RECs were traded in the sessions held on January 8, 2025 and January 29, 2025, at a clearing price of Rs.325 per REC and Rs.340 per REC, respectively.
The next REC trading sessions at IEX are scheduled for February 12, 2025 and February 26, 2025.