IEX Achieves Record Growth in Power Market: 24% YoY Increase in September 2024 Volume
- Total Volume Growth: IEX achieved a total monthly volume of 11,370 MU in September 2024, marking a 24% year-on-year (YoY) increase.
- Real-Time Market (RTM) Record: Highest-ever monthly volume in RTM at 3,913 MU, an increase of 34% YoY.
- Day-Ahead Market (DAM) Price: DAM price for September 2024 was ₹4.18/unit, lower by 33% YoY.
- Green Market Surge: Green Market volume grew by 214% YoY, achieving 723 MU in September 2024.
- Energy Market Trends: Total electricity volume (including green electricity) reached 10,332 MU, increasing 21% YoY.
- Renewable Energy Certificates (REC): 1,031 MU RECs traded, a 100% YoY increase, at a low price of ₹110/REC.
- Energy Consumption: National energy consumption reached 141.3 billion units (BUs), remaining flat YoY, driven by increased hydro and wind generation.
- Market Prices Decline: RTM price in September 2024 dropped to ₹3.98/unit, a 28% YoY decline.
- Day-Ahead Market (DAM) Growth: DAM volume increased by 33% YoY, reaching 4,610 MU.
- Term-Ahead Market (TAM) Decline: TAM volume saw a 43% YoY decline, trading 1,086 MU in September 2024.
- Green Day-Ahead Market (G-DAM): Volume surged 408% YoY, reaching 712.5 MU in September 2024.
- Green Term-Ahead Market (G-TAM): Volume reached 10.4 MU in September 2024, with non-solar prices at ₹8.28/unit.
- REC Market: 10.31 lakh RECs traded in September 2024, at record-low prices of ₹110/REC.
Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/c48b1a7b-61ed-4ac4-aa1f-f67dd8e42f49.pdf
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