- 06 Oct 2022
- ICICIdirect Research
IEX TRADES 8160 MILLION UNITS IN SEPTEMBER
IEX - 180 Change: 3.02 (1.70 %)News:
The Indian Energy Exchange achieved 8160 MU volume in September 2022, registering 4.5% MoM growth. Total volume in August 2022 was lower by 9.3% YoY. The day-ahead market volume at 4050 MU, registered growth of 14.7% MoM. Market clearing price higher by 9% on MoM basis at Rs 5.63 per unit. The Real-Time Electricity Market achieved 2193 MU volume during the month, registering 18.9% YoY growth and 3.1% MoM de-growth. The Term-Ahead Market, comprising intra-day, contingency, daily & weekly contracts, traded 875 MU during the month, registering 21.2% MoM growth. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 454 MU volume during September 2022. Total 5.88 lakh RECs, down 30.9% MoM, were cleared in the trading session at IEX held on Tuesday, September 28, 2022.
View:
IEX registered good MoM growth in DAM volumes but that has adversely affected RTM volumes. Central Electricity Regulatory Commission (CERC) has extended Rs 12 per unit price ceiling in all market segments up to December 30 will surely affect the volumes on platform, But Government’s plan to launch a high-price market specifically for gas-fired and battery storage plants in coming three months will surely add volumes in longer term.
Impact:
Neutral.