Indian Energy Exchange Ltd
05 Nov 2024 12:00 AM
IEX records 4% YoY growth in electricity traded volumes in Oct`24,
Indian Energy Exchange achieved electricity traded volume of 9,642 MU in October`24, marking a 4% year on year increase. During the month, IEX traded 4.44 lakh renewable energy certificates recording a 105% year on year increase.According to government data published in October 2024, the country`s energy consumption reached 140.4 BUs, marginal increase of 1% compared to the previous year. The Market Clearing Price in the Day Ahead Market at Rs 3.92/unit during October 2024, declined 39%year-on-year. Similarly, the Market clearing price in the Real Time Market at Rs 3.77/unit during October 2024, declined 38% year-on-year. These prices present an opportunity for Discoms and Open Access consumers to replace costlier power through purchasing through exchanges. ELECTRICITY MARKET: DAY- AHEAD, REAL-TIME MARKET & TERM- AHEADThe Day-Ahead Market (DAM) achieved 4,388 MU volume in October`24 as compared to 4,742 MU volume in October`23, a decline of 7% YoY.The Real-Time Electricity Market (RTM) achieved monthly volume of 3,123 MU in October�24, as compared to 2,402 MU in October`23, registering an increase of 30% YoY.Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 1,260 MU during October`24, as compared to 1,911 MU volume in October`23, a decline of 34% YoY. GREEN MARKET: GREEN DAY-AHEAD & GREEN TERM-AHEAD MARKETIEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 872 MU volume during October`24 as compared to 188 MU in October`23, registering an increase of 364% YoY. The Green Day-Ahead Market (G-DAM) achieved 829 MU volume during October`24 with a weighted average price of Rs 3.60 per unit, as compared to 181 MU in October`23, registering an increase of 358% YoY.The Green Term-Ahead Market (G-TAM) achieved 43 MU volume during October`24 with a with average monthly price of Solar- Rs 3.49/unit, Non-Solar- Rs 8.02/unit and Hydro � Rs 5.03/unit, as compared to 7 MU in October`23, registering an increase of 498% YoY. RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET)A total of 4.44 lac RECs, were traded in the trading sessions held on 09th October`24 and 30th October`24, at a clearing price of Rs. 110/REC and Rs. 120/REC respectively. The next REC trading sessions at the Exchange are scheduled on 13th November`24 and 27th November`24. Powered by Capital Market - Live News
Indian Energy Exchange Ltd
25 Oct 2024 12:00 AM
Indian Energy Exchange consolidated net profit rises 25.28% in the September 2024 quarter,
Net profit of Indian Energy Exchange rose 25.28% to Rs 108.32 crore in the quarter ended September 2024 as against Rs 86.46 crore during the previous quarter ended September 2023. Sales rose 28.44% to Rs 139.40 crore in the quarter ended September 2024 as against Rs 108.53 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales139.40108.53 28 OPM %86.0084.73 - PBDT150.49119.40 26 PBT145.16114.34 27 NP108.3286.46 25 Powered by Capital Market - Live News
Indian Energy Exchange Ltd
18 Oct 2024 12:00 AM
Indian Energy Exchange to declare Quarterly Result,
Indian Energy Exchange will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live News
Indian Energy Exchange Ltd
07 Oct 2024 12:00 AM
IEX records 24% YoY growth in total volumes in Sep 2024,
Indian Energy Exchange achieved total monthly volume (including certificates) of 11,370 MU in September`24, marking a 24% year on year increase. The electricity volume (including green electricity volume) during the month at 10,332 MU, increased 21% YoY. The renewable energy certificates (REC) at 1,031MU, increased 100% YoY. At Rs 110 per certificate, the REC market recorded an all-time low price in the trading session held on 25th September 2024. These prices provide an opportunity to obligated entities (DISCOMS and Captive Power Producers) to meet their Renewable Purchase Obligations, and voluntary customers to meet their sustainability aspirations.ELECTRICITY MARKET: DAY- AHEAD, TERM- AHEAD & REAL-TIME MARKETThe Day-Ahead Market (DAM) volume increased to 4,610 MU in September`24, from 3,467 MU in September`23, registering an increase of 33% YoY. The DAM segment registered total volumes of 14,332 MU during Q2FY `25, increase of 27% over Q2FY`24. The Real-Time Electricity Market (RTM) achieved highest ever monthly volume of 3,913 MU in September `24, from 2,923 MU in September`23, registering an increase of 34% YoY. The RTM segment registered record volume of 10,732 MU during Q2FY`25, increasing 31% over Q2FY`24.Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 1,086 MU during September`24, a decline of 43 % YoY. The total volume on the segment during the quarter was at 2,684 MU, a decline of 42% YoY. GREEN MARKET: GREEN DAY-AHEAD & GREEN TERM-AHEAD MARKETIEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 723 MU volume during September`24 as compared to 230 MU in September`23, registering an increase of 214% YoY. The total volume of the Green Market during the quarter was 2,584 MU, growth of 246% over Q2 FY`24. The Green Day-Ahead Market (G-DAM) achieved 712.5 MU volume during Septemebr`24 with a weighted average price of Rs 4.59 per unit, as compared to 140.2 MU in September`23, registering an increase of 408% YoY. The total volume on the segment during the quarter was 2,534 MU, growth of 394% over Q2 FY`24.The Green Term-Ahead Market (G-TAM) achieved 10.4 MU volume in september`24 with average monthly price of Non-Solar- Rs 8.28/unit. The total volume on the segment during the quarter was 49.7 MU.RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET)A total of 10.31 lac RECs (equivalent to 1,031 MU), an increase of 100 % YoY, were traded in the trading sessions held on 11th September`24 and 25th September`24, at a clearing price of Rs. 112/REC and Rs. 110/REC respectively. A total of 62.97 lac RECs (equivalent to 6,297MU), an increase of 353% YoY, were traded during Q2FY`25.Rs 110/ REC is the lowest ever price discovered of REC in a trading session since inception. The next REC trading sessions at the Exchange are scheduled on 09 October`24 and 30 October`24. Powered by Capital Market - Live News
Indian Energy Exchange Ltd
02 Sep 2024 12:00 AM
International Carbon Exchange enters into Issuer Agreement with I-TRACK Foundation and Evident,
The International Carbon Exchange (ICX), a wholly-owned subsidiary of Indian Energy Exchange, has entered into an �Issuer Agreement� with the International Tracking Standard Foundation (I-TRACK Foundation), having its office at De Mortel 2D, 5211HV -Hertogenbosch, The Netherlands, and Evident EV (Evident), having its office at 400 Springvale Road, Sheffield SP10 1LP, United Kingdom. This agreement authorizes ICX to act as a Local Issuer of International Renewable Energy Certificates (I-REC) in the Indian market. As part of this role, ICX will be responsible for registering Production Facilities and issuing I-RECs on the Registry managed by Evident for India. Powered by Capital Market - Live News
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