IEX reports 16% YoY growth in electricity trading for November 2024

The Indian Energy Exchange (IEX) recorded a 16% year-on-year increase in electricity traded volume, reaching 9,689 MU in November 2024. This growth was supported by increased market participation and competitive pricing. 

The Day-Ahead Market (DAM) traded 5,651 MU, marking a 9.8% YoY increase, while the Real-Time Market (RTM) achieved 3,019 MU, reflecting a 28% YoY rise.

The Green Market experienced significant growth, with volumes reaching 818 MU, a 332% YoY increase. 

The Green Day-Ahead Market (G-DAM) contributed 793 MU, with an average price of Rs 3.19/unit, while the Green Term-Ahead Market (G-TAM) traded 25 MU, marking a 245% YoY increase, with solar, non-solar, and hydro prices averaging Rs 3.50/unit, Rs 5.42/unit, and Rs 3.68/unit, respectively.

Renewable Energy Certificates (RECs) saw a total of 5.46 lakh certificates traded during the month, with clearing prices ranging from Rs 140 to Rs 190 per REC.

Market clearing prices in November were competitive, with the DAM price averaging Rs 3.30/unit, a 17% YoY decline, and the RTM price averaging Rs 3.46/unit, down 13% YoY.