Electricity trade volume at Indian Energy Exchange (IEX) rose nearly 54 per cent year-on-year in November this year to 9,477 million units (MUs).
“The Indian Energy Exchange realized 9,477 MU cleared volume in November 2021 comprising 6,333 MU in the Conventional Power Market, 457 MU in the Green Power Market and 2687 MU in the Certificate Market comprising ESCerts and REC. Overall, the exchange realised 53.8 per cent YoY growth across all its market segments,” an IEX statement said.
The Day-Ahead Market achieved 4,719 MU volume in November seeing a 3 per cent YoY decline. The average monthly price at Rs. 3.1 per unit saw a significant 62 per cent month-on-month (MoM) price reduction mainly due to increased liquidity on the supply-side with the sell-bids at 1.8X of the cleared volume.