IEX clocks 19% volume growth in July

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₹4.55/unit, lower 16% YoY, due to improved sell side liquidity on the exchange platform," the company said in a press release. Supplies continued to ease during the month due to robust coal production, reduction in prices of e-auctioned coal and imported fuel. In the coming months, higher liquidity is expected to result in more competitive prices on the exchanges, giving further optimisation opportunities to discoms and open access consumers, it added.

As per data published by GRID-INDIA, energy met in the country during June stood at 140 BU, increasing 9% YoY. The Day-Ahead Market (DAM) volume increased to 3,976 MU in July, from 3,547 MU a year ago, growing 12% YoY. The average market clearing price was ₹4.55/ unit during the month, down 16% from the corresponding month last year.

The Real-Time Electricity Market (RTM) achieved 2,540 MU in July, registering 19% YoY growth. There were 757 participants in this segment during the month. The RTM segment enables distribution utilities and industries with greater flexibility and efficient optimisation of portfolios, by balancing 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 three months, traded 1036 MU during July, higher by an impressive 136% YoY. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, saw 275 MU in volumes during July. The Green Day-Ahead Market (G-DAM) achieved 213 MU volume during the month, with a weighted average price of ₹4.95 per unit.