Indian Energy Exchange (IEX) witnessed a marginal year-on-year decline in trading volumes in July 2022, across all market segments.
In a release, IEX said that it achieved 7,151 MU volume in July 2022 comprising 6,088 MU in the conventional power market, 589 MU in the Green Power Market, and 475 MU in the REC Market, with a decline of 1.7 per cent across all market segments, on year-on-year basis.
The release, quoting data published by the National Load Dispatch Centre, observed that the national peak demand in July 2022, at 190 GW, was 5 per cent lower year-on-year and 10 per cent lower on month-over-month basis, due to good monsoon spell. Because of this demand reduction, the clearing price in the Day- Ahead Market on IEX reduced to Rs.5.41 per unit in July 2022 from Rs. 6.49 per unit in June 2022, IEX said.
Here is a summary across various market segments:
- The Day-Ahead Market volume at 3,517 MU saw a decline of 17 per cent year-on-year during July 2022. The market clearing price, at Rs.5.41 per unit, was 17 per cent lower, on month-over-month basis. Because of supply constraints, the clearing price in July 2022 was 84 per cent higher than in July 2021.
- The Real-Time Electricity Market achieved 2,131 MU volume during the month, registering a year-on-year growth of 34 per cent. The highest single-day volume, of 89.16 MU, was achieved on July 20, 2022.
- The Term-Ahead Market comprising intra-day, contingency, daily and weekly contracts traded 440 MU during July 2022, registering de-growth of 42 per cent.
- IEX Green Market comprising the Day-Ahead and Term-Ahead Market segments achieved 589 MU volume during July 2022, registering a 13 per cent year-on-year decline.
- The Green Day-Ahead Market achieved 446 MU volume with the weighted average price of Rs.4.63 per unit and saw participation from 169 market participants during July 2022.
- The Green Term-Ahead Market achieved 142 MU volume and witnessed participation from 18 market participants. The average monthly price for solar was Rs.3.39 per unit while the average monthly price for non-solar green power was Rs 5.78 per unit.
- A total of 4.75 lakh renewable energy certificates (RECs) were cleared in the trading session at IEX held on July 27, 2022. The volume comprised 3.08 lakh non-solar RECs with clearing price at Rs.1,000 per REC and 1.67 lakh solar REC with clearing price at Rs.1,100 per REC. The next REC trading session at the Exchange is scheduled on August 31, 2022.
Also read: IEX Starts Trading In Energy Saving Certificates
Featured photograph is for illustration only