- 06 May 2025
- ICICIdirect Research
INDIAN ENERGY EXCHANGE, ACHIEVED ELECTRICITY TRADED VOLUME OF 10,584 MILLION UNITS (MU) IN APRIL 2025
IEX - 195 Change: -0.15 (-0.08 %)News: Indian Energy Exchange, achieved electricity traded volume of 10,584 million units (MU) in April 2025, marking a 26% YoY increase. The Day-Ahead Market (DAM)/Real Time Electricity Market (RTM) / Term Ahead Market (TAM) achieved 4231/3893/1639 MU volume in April 25 as compared to 4116/2629/1276 MU volume in April 24, an increase of 3/48/28% YoY respectively. The average DAM price was ₹5.20 flat YoY. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 782 MU during April 25 as compared to 402 MU in April 24, registering an increase of 95% YoY. The weighted average price of Rs 4.07 per unit. 2.9 lakh REC were traded at a clearing price of 300 & 350 per REC on 9th and 30th April respectively. India consumed 147.5 Billion Units (BU) of electricity up 2.2% YoY.
View: The company has delivered strong volume performance for FY26 but the news around implementation of market coupling is a dampener on the stock and will act as a key overhang until a final decision is arrived on it.
Impact: Positive