- 04 Dec 2024
- ICICI Securities
IEX ACHIEVED ELECTRICITY TRADED VOLUME OF 9,689 MILLION UNITS IN NOVEMBER 2024
News: Indian Energy Exchange, achieved electricity traded volume of 9,689 million units in November 2024, marking a 15.7% YoY increase. The Day-Ahead Market (DAM) achieved 5,651 million units volume in November 2024 as compared to 5,144 million units volume in November 2023, an increase of 9.8% YoY. The Real-Time Electricity Market (RTM) achieved monthly volume of 3,019 MU in November 2024, registering an increase of 28% YoY. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 818 million units during November 2024 as compared to 189 million units in November 2023, registering an increase of 331.8% YoY. The Green Day-Ahead Market (G-DAM) achieved 793 MU volume during November2024 with a weighted average price of Rs 3.19 per unitregistering an increase of 335.2% YoY
Views: The company has delivering strong volume performance for YTDFY25 but the news around implementation of market coupling is a dampener on the stock and will act as a key overhang until a final decision is arrived on it.
Impact: Neutral