Indian Energy Exchange Ltd (IEX) on Monday (March 3) reported a 9% year-on-year (YoY) increase in electricity traded volume, reaching 9,622 million units (MU) in February 2025. The surge was driven by strong demand across market segments, with the day-ahead market (DAM) and real-time market (RTM) posting double-digit growth.
The DAM segment traded 5,369 MU, marking a 14% YoY rise, while RTM volume increased 23% to 2,887 MU over the year-ago period. However, the term-ahead market (TAM) saw a 45% YoY decline, trading 814 MU during the month.
Despite higher demand, market clearing prices in the DAM segment fell 11% YoY to ₹4.38 per unit, reflecting higher liquidity on the supply side. This price drop provided distribution companies (discoms) and industrial consumers an opportunity to procure power at competitive rates.
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The IEX Green Market saw significant growth, with volumes rising 85% YoY to 552 MU. The green day-ahead market (G-DAM) surged 95% YoY to 519 MU, while the green term-ahead market (G-TAM) posted a modest 3% YoY increase to 33 MU.
Additionally, 16.37 lakh renewable energy certificates (RECs) were traded, a 167% YoY jump, at clearing prices of ₹350 and ₹349 per REC in trading sessions held on February 12 and February 27, 2025.
Shares of Indian Energy Exchange Ltd ended at ₹154.60, down by ₹1.55, or 0.99%, on the BSE.
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