IEX records monthly electricity traded volume of 11,132 MU

Indian Energy Exchange (IEX) set a new record in December 2024, trading 11,132 MU of electricity, marking a 29% year-on-year increase. The exchange also saw a 58% rise in renewable energy certificates (RECs), with 1.7 million RECs traded.

For the first nine months of FY25, IEX’s electricity traded volume reached 88,981 MU, reflecting a 19% year-on-year growth. The third quarter saw a 16% increase in traded volume, with 30,464 MU and a 31% rise in REC trading, reaching 26.52 lakh RECs.

The market clearing price in the Day Ahead Market for December 2024 was Rs 3.89 per unit, a 14% decrease from the previous year, offering discoms and Open Access consumers an opportunity to procure cheaper power.