Indian Energy Exchange (IEX) achieved highest ever monthly electricity traded volume of 11,132MU in December 2024, marking a 29 per cent increase year-on-year.
During the month, IEX traded 16.62 lakh renewable energy certificates recording a 58 per cent increase over December 2023.
For the nine months of the fiscal year 2025, IEX achieved electricity traded volume of 88,981 MU, marking a 19 per cent year on year increase.
For the third quarter of FY25, IEX achieved electricity traded volume of 30,464MU, marking a 16 per cent growth over the same period of FY24. During the quarter, IEX traded 26.52 lakh renewable energy certificates recording a 31 per cent year on year increase.
According to government data published in December 2024, the country’s energy consumption reached 130.40 BUs, increase of nearly 6 per cent compared to the previous year.
For the month of December 2024, the Market Clearing Price in the Day Ahead Market was Rs.3.89 per unit, marking a 14 per cent year-on-year decrease. These prices presented an opportunity for discoms and Open Access (OA) consumers to replace their costlier power by procuring through exchanges.
A total of 16.62 lakh renewable energy certificates (RECs) were traded in the trading sessions held on December 11, 2024 and December 26, 2024, at a clearing price of Rs.260 per REC and Rs.316 per REC, respectively. REC traded volume in December 2024 increased by 58 per cent on YoY basis. The next REC trading sessions at the Exchange are scheduled on January 8, 2025 and January 29, 2025.
Also read: IEX sees 16 per cent growth in November trading volume
