- 06 Jul 2022
- ICICIdirect Research
IEX TRADES TOTAL 8267 MUS IN JUNE
IEX - 171 Change: -2.94 (-1.69 %)News: IEX reported 16.55% YoY and 8.80% MoM increase in June. Total volumes in June were at 8267 MUs. Day ahead market traded 4085 MUs with average market clearing price of | 6.49, which shows gap reducing on demand and supply. On the volumes front, it is an increase of 28.74% compared to volumes of May and decline of 5.8% compared to June of last year. Real time market volumes were at 2214 MUs, declining 4.53% MoM and up 61.49% YoY. Term ahead market comprising intra-day, contingency, daily & weekly contracts traded 759 MUs and recorded 36.16% MoM reduction. Green market also traded a cumulative of 536 MUs during June. REC market also saw a volume of 673 MUs in the trading session held on June 29
Views: As Central Electricity Regulatory Commission (CERC) has extended | 12 per unit price ceiling in all market segments of power exchanges by three months i.e. up to September 30, hence IEX will face challenges during the time of supply demand mismatch. However, with the introduction of long dated contracts it will help IEX to add up some volumes
Impact: Neutral