IEX trades 7805 MUs in AugustIEX - 144 Change: -0.15 (-0.10 %)
News: The Indian Energy Exchange achieved 7805 MU volume in August 2022, registering 9% MoM growth. Total volume in August 2022 was down 18% on a YoY basis. The Day-Ahead market volume at 3529 MU, registered flat growth on an MoM basis. Market clearing price reduced 5% on an MoM basis at Rs 5.17 per unit. The real-time electricity market achieved 2265 MU volume during the month, registering 22% YoY and 6% MoM growth. The Term-Ahead Market, comprising intra-day, contingency, daily & weekly contracts, traded 723 MU during the month, registering 17% YoY growth and 64% MoM growth. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 437 MU volume during August 2022. A total of 8.51 lakh RECs, increase of 79% MoM, were cleared in the trading session at IEX held on Tuesday, August 30, 2022.
View: IEX has registered good MoM growth in RTM and TAM market yet Central Electricity Regulatory Commission (CERC) has extended Rs 12 per unit price ceiling in all market segments up to September 30, leading to flattish DAM volumes. September being the last month of price capping we can see good traction in DAM volumes from October onwards.