Stock Report

Indian Energy Exchange achieves 8251 MU overall volume in May 2023

Posted On : 2023-06-05 18:40:28( TIMEZONE : IST )

Indian Energy Exchange achieves 8251 MU overall volume in May 2023

Indian Energy Exchange, India's premier energy exchange, achieved 8,251 MU overall volume in May 2023, including green market trade of 358 MU, 1.42 lac RECs (equivalent to 142 MU) and 2.02 lac ESCerts (equivalent to 202 MU). The overall volume during the month was higher 8% on YoY basis. The price during May '23 was Rs.4.74/unit, declining 30% YoY, from Rs. 6.76/unit in May '22 due to improving supply side scenario leading to increased liquidity, as well as cooler weather conditions.

While increase in power demand is expected in the coming months, the supply side liquidity is likely to further improve due to enhanced coal supply, reduction in e-auction coal prices, and consistently declining imported coal and gas prices. This will lead to competitive prices and higher clearance for Discoms & Open Access consumers.

As per data published by GRID-INDIA, energy met in the country during May '23 stood at 136.5 BU, marginally increasing 1% on YoY basis.

IEX commenced Tertiary Reserve Ancillary Services (TRAS) Market Segment from Delivery Date 1st June 2023 for Day Ahead Market Ancillary Services (DAM-AS) and Real Time Market Ancillary Services (RTM-AS).

The Day-Ahead Market (DAM) volume increased to 4,066 MU in May '23 from 3,224 MU in May '22, growing 26% YoY. The average market clearing price was Rs. 4.74/ unit during the month, lower by 30% over the corresponding month last year.

The Real-Time Electricity Market (RTM) achieved highest-ever monthly volume of 2,424 MU during May '23, registering 13% MoM and 5% YoY growth. There were 719 participants in this segment during the month. The consistent growth of RTM segment reflects its increasing acceptance among distribution utilities and industries to efficiently balance their power demand-supply on a real-time basis.

The Term-Ahead Market (TAM), comprising intra-day, contingency, daily & weekly contracts, and contracts up to 3 months, traded 1,058 MU during May '23, lower 11% on YoY basis.

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 358 MU volume during May '23, growing 28% on MoM basis. This Market facilitates renewables' integration to achieve India's sustainability targets.

During May '23, Green Day-Ahead Market (G-DAM) achieved 199 MU volume with a weighted average price of Rs 5.20 per unit. The market saw participation from 181 market participants during the month.

The Green Term-Ahead Market (G-TAM) achieved 158 MU volume in May '23, with average monthly price of Rs 3.47/unit for Solar, Rs 5.43/unit for Non-Solar and Rs 5.14/unit for Hydro.

A total of 1.42 lac RECs were cleared in the trading session at IEX held on Wednesday, 31st May, with price of Rs. 899/REC. The order passed by the Hon'ble Delhi High Court on 11th May 2023, vacating its earlier order that suspended trading of RECs issued prior to 31st October 2022, led to availability of additional REC inventory.

The next REC trading session at the Exchange is scheduled on Wednesday, 28th June '23.

During May '23, 2.02 lac ESCerts (equivalent to 202 MU) were traded on IEX, at the floor price of Rs. 1,840 per ESCert.

Shares of Indian Energy Exchange Limited was last trading in BSE at Rs. 153.20 as compared to the previous close of Rs. 152.70. The total number of shares traded during the day was 102454 in over 2130 trades.

The stock hit an intraday high of Rs. 154.00 and intraday low of 152.55. The net turnover during the day was Rs. 15712926.00.

Source : Equity Bulls


IndianEnergyExchange INE022Q01020 IEX ElectricUtilities May2023 Volume