Power demand drives 19% volume growth at Indian Energy Exchange

Revenue in April-Sept was up 21 per cent to Rs 1.49 billion, with the rise in volumes in both the electricity and REC segments

Trade volumes rose 19 per cent at the Indian Energy Exchange (IEX) in the first six months of this financial year. 

This was aided by a pan-India 6.2 per cent increase in electricity generation during the period. In all, 28,584 million units (MUs) of power were traded between April 1 and September 30, counting both the day-ahead and term-ahead markets.

The trade in renewable energy certificates (RECs) zoomed 325 per cent from a year before, from 1,205 MUs to 5121. Total volume trade on IEX went up 34 per cent, to 33,705 MUs in the period.

During the period, the market was congestion-free