IEX Registers 11,132 MU in Electricity Trades in December 2024, Marking 29% YoY Growth

08 Jan 2025

The Indian Energy Exchange (IEX) has reported its highest-ever monthly electricity trading volume, reaching 11,132 million units (MU) in December, reflecting a 29% year-on-year (YoY) growth. In addition, the exchange traded 16.62 lakh renewable energy certificates during the month, marking a 58% increase compared to the same period last year, according to its statement.

In its statement, the Indian Energy Exchange (IEX) reported a 19% YoY increase in electricity traded volume for the first nine months of fiscal year 2025, reaching a total of 88,981 MU. For the third quarter of FY25, IEX recorded a traded electricity volume of 30,464 MU, reflecting a 16% YoY growth. Additionally, the exchange traded 26.52 lakh renewable energy certificates (RECs) during the quarter, marking a significant 31% YoY rise in REC transactions.

During the month, the Day Ahead Market segment at IEX registered a 57% YoY increase in supply-side volumes. The increase in supply helped stabilise prices. In December 2024, the Market Clearing Price in the Day Ahead Market stood at Rs. 3.89, reflecting a 14% YoY decline. This drop in prices provided an opportunity for Discoms and open access consumers to substitute more expensive power by sourcing from exchanges, the report states.

For Q3 FY25, the average price in the Day Ahead Market (DAM) stood at ? 3.71/unit, marking a 26% YoY decline, driven by the availability of sufficient supply liquidity. The DAM also recorded a significant 39% YoY increase in volume, with 6,674 MU traded in December 2024, compared to 4,798 MU in December 2023. The DAM segment recorded a total volume of 16,712 MU in Q3 FY25, marking a 14% YoY increase compared to Q3 FY24. Meanwhile, the volume in the RTM surged to 3,180 MU in December 2024, up from 2,405 MU in December 2023, reflecting a 32% YoY growth.