IEX trades 7325 MUs in AprilIEX - 143 Change: -1.15 (-0.80 %)
News: IEX reported 1.73% YoY and 19.45% MoM decrease in April, Total volumes in April stands at 7325 MUs. Day ahead market traded 4114 MUs with average market clearing price of Rs 10.06. On volumes front it is an decrease of 29.7% when compared to the volumes of March. Real Time market volumes stands at 1704 MUs and decreased by 15.69% MoM. Term ahead market comprising intra-day, contingency, daily & weekly contracts traded 1171 MUs and recorded 42.28% MoM increase. Green Market also traded a cumulative of 336 MUs during the month of April. REC market also saw a volume of 249 MUs in the trading session held on 27th April.
Views: This is the first time in many months that volumes of IEX have dipped on YoY basis, the dip in volumes is mainly due to constraints on supply side and CERC capping DAM and TAM prices which lead to bilateral agreements between buyers and sellers which in turn resulted in decreased volumes on power exchanges platform. Although government is taking ample steps to decrease the demand supply gap but amid scorching heatwave and economic activities getting back to normalize level it looked a bit difficult. This trend should follow for at least couple of months more.