IEX Sees Record Electricity Trading Volume of 11,132 MU in December 2024

Indian Energy Exchange (IEX) achieved several key milestones in its electricity and renewable energy markets for December 2024 and the first three-quarters of FY25.

Record Monthly Electricity Traded Volume in December 2024

The exchange recorded its highest-ever monthly electricity traded volume of 11,132 million units (MU) in December 2024, reflecting a 29% year-on-year increase. Alongside this, the trading of renewable energy certificates (RECs) saw a significant boost, with 16.62 lakh certificates traded, marking a 58% increase compared to December 2023.

In the first nine months of FY25, IEX achieved a total electricity traded volume of 88,981 MU, representing a 19% year-on-year growth. For the third quarter of FY25, the electricity traded volume stood at 30,464 MU, a 16% increase over the same period last year. The REC market also performed well, with 26.52 lakh certificates traded in Q3 FY25, reflecting a 31% year-on-year increase.

December 2024 saw a significant rise in the supply-side volumes in the Day Ahead Market (DAM), which recorded a 57% year-on-year increase, leading to a moderation in prices. The Market Clearing Price in the DAM for December 2024 stood at ₹3.89 per unit, a 14% decrease from the previous year. This price reduction offered a cost-effective opportunity for distribution companies (Discoms) and open-access consumers to replace their higher-cost power with cheaper exchange-based procurement.

The DAM segment in December 2024 saw a 39% year-on-year increase in traded volume, with 6,674 MU traded compared to 4,798 MU in December 2023. For Q3 FY25, the DAM registered a total volume of 16,712 MU, a 14% increase over Q3 FY24. The Real-Time Market (RTM) also showed strong growth, with volumes rising by 32% year-on-year to 3,180 MU in December 2024 and 30% year-on-year in Q3 FY25, reaching 9,322 MU.

Green Market Growth

The Green Market showed extraordinary growth, with the Green Day-Ahead Market (G-DAM) volume soaring by 252% in December 2024 compared to December 2023, reaching 763 MU. For Q3 FY25, G-DAM volume surged by 311%, totaling 2,385 MU. The Green Term-Ahead Market (G-TAM) grew by 15% year-on-year in December 2024, reaching 18 MU. Overall, the Green Market in December 2024 saw a 236% increase in volume, totalling 781 MU, and a remarkable 305% increase in Q3 FY25, totalling 2,470 MU.

IEX’s performance in the REC market also remained strong, with 16.62 lakh certificates traded in December 2024, a 58% year-on-year increase. In Q3 FY25, 26.52 lakh certificates were traded, reflecting a 31% year-on-year growth.

On January 6, 2025, IEX share price opened at ₹179.50, touching the day’s low at ₹176.20, as of 10:52 AM on the NSE.

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