IEX recorded highest ever monthly trade of RECs in January
According to government data published in January '25, the country's energy consumption reached 137.5 BUs, increase of 2.7% compared to the previous year.
New Delhi, 04 February 2025: Indian Energy Exchange, India’s premier electricity exchange, achieved monthly electricity traded volume of 10,910 MU in January’25, marking a 16% increase on year-on-year basis. IEX recorded highest ever monthly trade of RECs in January ’25. A total of 38.03 lakh Renewable Energy Certificates were traded during the month, marking a 150% year on year increase.
According to government data published in January '25, the country's energy consumption reached 137.5 BUs, increase of 2.7% compared to the previous year. During the month, increased supply side liquidity in the DAM segment contributed to moderating prices on the exchange. The Market Clearing Price in the Day Ahead Market at Rs. 4.43/unit during January’25, declined 24% YoY. These prices presented an opportunity for Discoms and Commercial & Industrial consumers to meet their demand at a competitive price and to replace their costlier power by procuring through exchanges.
ELECTRICITY MARKET: DAY- AHEAD, TERM- AHEAD & REAL-TIME MARKET
The Day-Ahead Market (DAM) achieved 6,015 MU volume in January’25 as compared to 5,540 MU volume in January’24, an increase of 9% YoY.
The Real-Time Electricity Market (RTM) volume increased to 3,036 MU in January ‘25, from 2,380 MU in January'24, registering an increase of 28% YoY.
Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 1107 MU during January ’25, lower by 9% on YoY basis.
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GREEN MARKET: GREEN DAY-AHEAD & GREEN TERM-AHEAD MARKET
IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 752 MU volume during January’25 as compared to 236 MU in January’24, registering an increase of 218 % YoY.
The Green Day-Ahead Market (G-DAM) achieved 702 MU volume during January’25 with a weighted average price of Rs 4.66 per unit, as compared to 210 MU in January’24, registering an increase of 235% YoY.
The Green Term-Ahead Market (G-TAM) achieved 50 MU volume during January’25 with average monthly price of Non-Solar-Rs 4.77/unit, as compared to 27 MU in January’24, registering an increase of 89% YoY.
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IEX recorded highest ever monthly trade of RECs in January ’25. A total of 38.03 lakh RECs were traded in the trading sessions held on 08th January’25 and 29th January’25, at a clearing price of Rs.325 /REC and Rs. 340 /REC respectively. REC traded volume in January’25 increased by 150% on YoY basis.
The next REC trading sessions at the Exchange are scheduled on 12th February’25 and 26th February’25.
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