Net profit of Indian Energy Exchange rose 27.18% to Rs 96.44 crore in the quarter ended June 2024 as against Rs 75.83 crore during the previous quarter ended June 2023. Sales rose 18.76% to Rs 123.56 crore in the quarter ended June 2024 as against Rs 104.04 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales123.56104.04 19 OPM %80.4078.39 - PBDT133.16105.81 26 PBT127.92100.81 27 NP96.4475.83 27 Powered by Capital Market - Live News

Indian Energy Exchange will hold a meeting of the Board of Directors of the Company on 24 July 2024.Powered by Capital Market - Live News

Indian Energy Exchange announced that the 18th Annual General Meeting (AGM) of the company will be held on 6 August 2024.Powered by Capital Market - Live News

Indian Energy Exchange achieved electricity volume of 10,185 MU in June`24, marking a 24.7% year on year increase. The total monthly volume including certificates at 10,677 MU, increased 19.4% on year-on-year basis. For the first quarter of the fiscal year 2025, IEX achieved electricity volume of 28,178 MU, an increase of 19% YoY basis. Total volume for the quarter including certificates was at 30,354 MU, up 20.8% from Q1FY`24.According to government data published in June 2024, the country`s energy consumption reached 152.4 BUs, representing 8.9% increase year-on-year.Hot weather conditions led to an unprecedented surge in electricity demand during the first quarter of this financial year. The country`s energy consumption of 452 BUs in Q1FY`25 was 11.2% higher compared to Q1FY`24. During the quarter, the country`s peak demand reached 250 GW, surpassing the previous high of 243 GW recorded in September last year. Proactive measures taken by the government and the regulators, including the sale of surplus un-requisitioned power on power exchanges, increased fuel supply and ensuring higher availability of generating units led to an increased sell liquidity on the exchanges which kept the prices under control on exchanges. Therefore, despite the increase in the electricity consumption, the market clearing price in Day Ahead Market during June `24 was Rs. 5.40/unit, similar as last year, however it was lower by more than 20% as compared to prices discovered under bilateral contracts.The Day-Ahead Market (DAM) volume increased to 4,849 MU in June`24, from 4,103 MU in June`23, registering an increase of 18.2 % YoY. The DAM segment registered total volumes of 13,336 MU during Q1FY `25, a marginal increase of 6.7% over Q1FY`24. The Real-Time Electricity Market (RTM) volume increased to 3,213 MU in June `24, from 2,675 MU in June`23, registering an increase of 20.1% YoY. The RTM segment registered volume of 9,193 MU during Q1FY`25, increasing 26.8% over Q1FY`24. Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 1,378 MU during June`24, higher by 23.3 % on YoY basis. The total volume on the segment during the quarter was 3,875 MU, growth of 28.4% over Q1 FY`24. EX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 744 MU volume during June`24 as compared to 272 MU in June`23, registering an increase of 173.4% YoY. During Q1FY`25, the segment achieved volume of 1,768 MU, growth of 94.3 % over Q1 FY`24.The Green Day-Ahead Market (G-DAM) achieved 680 MU volume during June `24 with a weighted average price of Rs 4.14 per unit, as compared to 166 MU in June`23, registering an increase of 309.5% YoY. During Q1FY`25, the segment achieved volume of 1,616 MU, growth of 208.4% over Q1 FY`24.The Green Term-Ahead Market (G-TAM) achieved 64 MU volume in June `24 with average monthly price of Non-Solar- Rs 8.88/unit. During Q1FY`25, the segment achieved volume of 152 MU.A total of 4.39 lac RECs (equivalent to 439 MU) were traded in the trading sessions held on 12th June`24 and 26th June`24, at a clearing price of Rs. 150/REC and Rs. 140/REC respectively. A total of 21.12 lac RECs (equivalent to 2,112 MU) were traded during Q1FY`25.Rs 140/ 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 10th July`24 and 31st July`24.During June`24, 52,756 ESCerts (equivalent to 53 MU) were traded on IEX, at the floor price of Rs. 2,165 per ESCert. A total of 63,273 ESCerts (equivalent to 63 MU) were traded during Q1FY`25Powered by Capital Market - Live News

Indian Energy Exchange achieved monthly overall volume of 10,633 MU, in May`24, marking a 28.9% year-over-year increase. The electricity volumes at 9,568 MU, increased 21% YoY. The renewable energy certificates (REC) at 1,055 MU, increased 640.3% YoY. At Rs. 165 per certificate, the REC market recorded an all-time low price in the trading session held on 29 May 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. Proactive measures taken by the government and the regulators, including the sale of surplus unrequisitioned power on power exchanges, increased fuel supply and ensuring higher availability of generating units led to an increased sell liquidity on the exchanges which kept the prices under control on exchanges. Therefore, despite the increase in the electricity consumption the market clearing price in Day Ahead Market during May `24 was Rs. 5.3/unit, lower by more than 20% as compared to prices discovered under bilateral contracts. According to government data published in May`24, the country`s energy consumption reached 156.3 BUs, representing 15% increase on a year-on-year basis. Notably, on May 30, 2024, the country witnessed an all-time high peak demand of 250 GW along with the highest ever single day energy consumption of 5,466 MU.ELECTRICITY MARKET: DAY- AHEAD, TERM- AHEAD & REAL-TIME MARKETThe Day-Ahead Market (DAM) volume increased to 4,371 MU in May`24, from 4,066 MU in May`23, registering an increase of 7.5% YoY. The Real-Time Electricity Market (RTM) reported highest ever monthly traded volume in May`24. The RTM volume increased to 3,352 MU in May `24, from 2,424 MU in May`23, registering an increase of 38.3% YoY. On an average more than 100 MUs were traded daily in the RTM segment in May`24. Consistent growth of the RTM segment is a testimony that distribution utilities and industries are efficiently balancing their power demand-supply on a real-time basis. Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 1,221 MU during May`24, higher by 15.4 % on YoY basis. GREEN MARKET: GREEN DAY-AHEAD & GREEN TERM-AHEAD MARKET IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 622.2 MU volume during May`24 as compared to 357.7 MU in May`23, registering an increase of 73.9% YoY.The Green Day-Ahead Market (G-DAM) achieved 574.7 MU volume during the month, with a weighted average price of Rs 3.86 per unit per unit.The Green Term-Ahead Market (G-TAM) achieved 47.5 MU volume in May `24 with average monthly price of Non-Solar- Rs 8.06/unit. RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET)A total of 10.55 lac RECs (equivalent to 1,055 MU) were traded in the trading sessions held on 8th May`24 and 29th May`24, at a clearing price of Rs. 185/REC and Rs. 165/REC respectively. Rs 165/ 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 12th June`24 and 26th June`24. ENERGY SAVING CERTIFICATES (ESCERTS) During May`24, 9,994 ESCerts (equivalent to ~10 MU) were traded on IEX, at the floor price of Rs. 2,165 per ESCert. Powered by Capital Market - Live News