Indian Energy Exchange achieves 7928 MU total volume in April

The overall volume during the month was higher by 6% on a YoY basis. 

Achieving 7928 MU overall volume in April

Indian Energy Exchange (IEX) has achieved 7928 MU overall volume in April 2023, including green market trade of 280 MU, 1.99 lakh RECs (Renewable Energy Certificate) (equivalent to 199 MU) and 1.23 lakh ESCerts (equivalent to 123 MU). The overall volume during the month was higher by 6% on a YoY basis.

The price during April 2023 was Rs 5.41/unit, declining 46% YoY, from Rs 10/unit in April 2022 due to an improving supply side scenario leading to increased liquidity, as well as cooler weather conditions. Sell-side liquidity improved on the Exchange due to Government initiatives to ensure adequate power supply during this summer season, including gas-based thermal power that was made available on the Exchange.

Trade commenced at the High Price DAM segment, with 193 MWh volume during the month. This segment allows high-cost generators, such as - gas-based power generators, imported coal-based plants and battery-energy storage systems - to sell electricity on the market. While an increase in power demand is expected in the coming months, supply-side liquidity is likely to be maintained due to improved coal supply. This will lead to competitive prices and higher clearance for Discoms & Open Access consumers.

Stock price movement

Today, the stock opened at Rs 155.20 and has touched a high and low of Rs 155.85 and Rs 154.35 respectively. The BSE group 'A' stock of face value Rs 1 touched a 52-week high and low of Rs 212.85 and Rs 125.75, respectively. Last one week high and low of the scrip stood at Rs 157.65 and Rs 152 respectively. The current market cap of the company is Rs 13,929.38 crore.

The Institutions and Non-Institutions held 39.41% and 60.6% stake in the company, respectively.

Company Profile 

IEX is a Power Exchange, licensed by the Central Electricity Regulatory Commission (CERC) for spot trading in power/electricity and trading of Renewal Energy Certificates (REC) and Energy Saving Certificates. The main activity of the company is to provide an automated platform and infrastructure for carrying out trading in electricity units for the physical delivery of electricity.