IEX records 8 per cent growth in June 2023 volumes

 

Indian Energy Exchange (IEX) achieved 8,946 MU overall volume in June 2023 that was 8 per cent higher than in June 2022.

During the first quarter (Q1: April to June) of FY24, IEX achieved 25,125 MU volume across all segments, growing 8 per cent over Q1 FY23.

The price during June 2023 at Rs.5.37 per unit, declined 17 per cent year-onyear, while the average market clearing price during the Q1 of FY24 period was Rs. 5.17 per unit, showing a decline of 33 per cent over the corresponding quarter last year.

Supply side scenario during the quarter improved due to enhanced coal supply, reduction in e-auction coal prices, and consistently declining imported coal and gas prices. Increased liquidity on IEX led to sharp correction in prices, resulting in optimisation opportunities and higher clearance for discoms and Open Access (OA) consumers, IEX said.

A total of 5.33 lakh RECs (equivalent to 533 MU) were cleared in the trading session at IEX held on June 28, 2023, with price of Rs. 745 per REC. A total of 8.75 lakh RECs (equivalent to 875 MU) were traded during Q1 of FY24.

The next REC trading session at IEX is scheduled on July 26, 2023.

During June 2023, a total of 2.44 lakh energy saving certificates (ESCerts), equivalent to 244 MU, were traded on IEX, at the floor price of Rs.1,840 per ESCert. A total of 5.69 lakh ESCerts (equivalent to 569 MU) were traded in Q1 of FY24.

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