IEX’s Electricity Market Trades Record High Volume at 5,829 MU in September 2018

Deepthi | Myequity news | Date : 05-10-2018 17:05:00 IST

The electricity market at IEX – the Day Ahead- Market (DAM) and Term Ahead-Market (TAM) combined traded the highest ever monthly volume of 5,829 MU in September’18 vis-à-vis 4,061 MU traded in August’18 and 4,239 MU in the same month last year.

The distribution companies were the major buyers followed by captive and open access consumers. The all India peak demand touched 176 GW on 18th September 2018 registering 3% increase over August’18 and 11 % increase over September’17 as per the NLDC statistics.


The record high volume of 5,725 MU traded in September’18 is an increase of 44% month-on-month (MoM) basis and 40% increase year-on- year (YoY) basis. The market achieved all time high record daily volume of 306 MU for delivery on 29th September, 2018, crossing the 300 mark for the first time. On a daily average basis about 191 MU were traded, the highest during any month. The average Market Clearing Price (MCP) at Rs. 4.69 per unit registered 41% increase over 3.34 per unit price in August’18 and 15% increase over Rs. 4.09 per unit in same month last year.


The Term-Ahead Market traded 103 MU in September’18, registering 19% increase MoM basis and 32% decline YoY basis.


The REC market trading session held on Wednesday, 26th September, 2018, featured a total trade of 16,03,446 RECs (16.03 lacs) about 2.16 times increase over trade of 5,07,811 RECs in August 2018 and 4.5 times increase over trade in September’17. The September trading Session saw trade in 2,44,401 Non-Solar RECs and record high trade of 13,59,045 Solar RECs. The clearing took place at floor price of Rs 1,000 per Solar REC and Rs 1,000 per Non-Solar REC.


IEX is the first and largest power exchange in India. Providing an automated trading platform for physical delivery of electricity, IEX enables efficient price discovery and offers participants the opportunity to trade in electricity contracts, Renewable Energy Certificates (RECs) and ESCerts (Energy Saving Certificates). The exchange platform increases the accessibility and transparency of the power market in India and enhances the speed and efficiency of trade execution. In August 2016, the Exchange received ISO Certifications - ISO 9001:2008 for quality management, ISO 27001:2013 for Information security management and ISO 14001:2004 for environment management. IEX is approved and regulated by Central Electricity Regulatory Commission (CERC) and has been operating since 27 June, 2008.

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