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IEX records 4% increase in traded electricity volume in October 2024

India, News

The Indian Energy Exchange (IEX) reported a traded electricity volume of 9,642 million units (MU) in October 2024, marking a 4% year-on-year growth. IEX also traded 4.44 lakh renewable energy certificates (RECs) in October, a notable 105% increase from the previous year. India’s energy consumption for October reached 140.4 billion units (BUs), a 1% increase from the previous year, according to government data. The Market Clearing Price in the Day-Ahead Market (DAM) fell 39% year-on-year…

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IEX posts 24% growth in trading volume, REC prices hit all-time low in September 2024

Analysis, Data Insights, India, News

The Indian Energy Exchange (IEX) recorded a total trading volume of 11,370 million units (MU) in September 2024, a 24% year-on-year increase. The electricity volume, including green electricity, rose by 21% year-on-year to 10,332 MU. Trading volume in renewable energy certificates (REC) doubled to 1,031 MU compared to the previous year. On September 25, 2024, the REC market saw an all-time low price of Rs 110 per certificate, offering obligated entities like discoms and captive…

Power Sector News Roundup for November 6, 2024

Power Bytes

Global: Westbridge sells 75% stake in Alberta’s Sunnynook solar project to METLEN Emeren and Arpinge partner on 300MW battery storage portfolio in Italy EDF Renewables signs 20-year energy storage PPA with APS for 250 MW Beehive BESS UAE’s Nakheel and DEWA partner on 132 kV substation in Palm Jebel Ali Canada proposes 35% emissions cap on oil and gas sector by 2030 ACCIONA Energía acquires 300 MW of wind capacity in Texas FTC Solar to…

Power Sector News Roundup for October 8, 2024

Power Bytes

Global: Malaysia’s power utility partners with Keppel to supply 100 MW in cross-border deal Taihan Cable secures contract for Singapore’s 400 kV power grid Runergy launches solar module manufacturing facility in US EET to develop UK’s first large-scale low-carbon hydrogen hub CWP Global to develop 600 MW green hydrogen project in Angola India: IEX posts 24% growth in trading volume, REC prices hit all-time low in September 2024 GAIL, AM Green signs MoU to jointly…

Data Insights

News Subsections Analysis Features Opinions and Perspective Data Insights Power 101 Deep Dive Power Bytes India’s short-term power trading market grows 12% in FY24 November 7, 2024 Power supply and allocation overview for September 2024 October 16, 2024 India surpasses 200 GW renewable energy milestone October 15, 2024 IEX posts 24% growth in trading volume, REC prices hit all-time low in September 2024 October 8, 2024 Global Renewable Energy Statistics September 29, 2024 India’s Power…

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IEE sees 35.8% YoY volume growth in August 2024

India, News

In August 2024, the Indian Energy Exchange (IEX) achieved a total trading volume of 12,040 MU, including certificates, marking a 35.8% year-over-year increase. The electricity volume alone was 9,914 MU, up 17.1% YoY, while renewable energy certificates (REC) reached 2,116 MU, showing a remarkable 737.4% increase from the previous year. REC prices hit an all-time low of Rs 115 per certificate during the August 28, 2024 trading session, offering obligated entities like DISCOMS and Captive…

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Explainer: Nepal transforms from electricity importer to exporter of India

India, News

Nepal, once plagued by frequent blackouts, has transformed into a significant electricity exporter to India. The country is set to supply an additional 251 megawatts (MW) of power to India, mainly through Bihar, due to a medium-term sales agreement involving 12 hydropower projects. This will increase Nepal’s total power exports to India to 941 MW, enough to power nearly 190,000 homes for an entire year. This transformation was set in motion by the Power Trading…

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Indian Energy Exchange records highest-ever trade volume in July 2024

India, News

The Indian Energy Exchange (IEX) achieved its highest-ever total trade volume of 13,250 million units (MU) in July 2024, marking a 56% increase year-over-year. This total includes renewable energy certificates (RECs) and energy-saving certificates, according to an IEX statement. Electricity volumes reached 10,093 MU, a 29% increase year-over-year. RECs experienced a significant surge, with volumes hitting 3,150 MU, up by 405% compared to the previous year. Additionally, green electricity volume grew by 259%, reaching 1…