Trending Company: IEX achieves 7805 MU volume in August 2022, registers 9% MoM growth

Trending Company: IEX achieves 7805 MU volume in August 2022, registers 9% MoM growth

by 5paisa Research Team Last Updated: Dec 11, 2022 - 11:29 am 17.1k Views
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Shares of India Energy Exchange witnessed a rally of 2% in the afternoon trades on September 05 on the back of the volume growth of 9% in August 2022 compared to July 2022.

The company announced in its exchange filing on September 05 that it achieved 7805 MU in August 22. This comprised 6517 MU in the conventional power market, 437 MU in the Green Power Market, and 851 MU (8.51 lakh Certificates) in the REC Market. The total volume in August 2022 was lower by 18% on a YoY basis.

Indian Energy Exchange Limited (IEX) is the first and the largest energy exchange in India, providing a nationwide, automated trading platform for the physical delivery of electricity, renewable energy certificates, and energy-saving certificates.

The volume attained under different heads in the product portfolio of the company are as under- 

 Day-ahead market (DAM) for next-day delivery, registered a flat MoM growth with volume at 3529 MU. Although imported coal prices remained high, increased hydro and RE generation resulted in the market clearing price lowering by 5% on an MoM basis at Rs. 5.17 per unit. On a YoY basis the average clearing price in the Day Ahead market increased 2% YoY, from Rs. 5.06 per unit in August 2021.

Term-ahead market (TAM) for delivery up to 11 days, traded 723 MU during the month, registering 17% YoY growth and 64% MoM growth

Real-time market (delivery in an hour) achieved 2265 MU volume during the month, registering 22% YoY and 6% MoM growth. The highest single-day volume of 104 MU was achieved on 16th August 22.

Green term-ahead market (intraday, daily or weekly delivery) achieved 117 MU volume with an average monthly price of Rs 3.57 per unit for Solar, Rs 6.15 per unit for Non-Solar, and Rs 5.47 per unit for Hydro.

Green Day-Ahead Market achieved 321 MU volume with a weighted average price of Rs 5.20 per unit.

Renewable Energy Certificate Market (REC Market), a total of 8.51 lakh RECs, an increase of 79% MoM, were cleared in the trading session at IEX held on August 30, 2022.

At 2.20 pm, the shares of IEX were trading at Rs 159.85, with a gain of 1.17% or Rs 1.85 a piece.

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