Published By: Mohammad Haris
Last Updated: November 06, 2023, 16:21 IST
The Indian Energy Exchange (IEX) reported 18 per cent rise in its commerce quantity to 9,483 million items (MU) in October due to surge in electrical energy demand, decrease rainfall and base impact. “IEX achieved 9,483 MU overall volume, including 2.17 lakh Renewable Energy Certificates (equivalent to 217 MU) and 5,814 Energy Saving Certificates (equivalent to 5.8 MU). The overall volume traded during October increased 18 per cent on YoY basis,” an IEX assertion stated.
IEX achieved 9,260 MU whole electrical energy quantity in October 2023, registering a rise of 21 per cent yr-on-yr. Last month, the nation’s power consumption reached 139 billion items, marking a considerable 22 per cent yr-on-yr improve due to a surge in electrical energy demand, beneath-common rainfall, and a decrease base of the yr-in the past interval.
This surge in energy demand prompted DISCOMs to actively buy energy on the alternate to meet demand, thereby main to a big improve in commerce volumes on IEX, it acknowledged. The improve in demand pushed Day-Ahead Market (DAM) value on IEX to Rs 6.45 per unit, representing 68 per cent yr-on-yr improve on a decrease base value of the identical month final yr.
The DAM quantity elevated to 4,742 MU in October 2023 from 4,379 MU in the yr-in the past month. The Real-Time Electricity Market (RTM) quantity improve to 2,402 MU in October 2023 from 2,265 MU in the identical month a yr in the past, registering a rise of 6.1 per cent YoY.
The RTM section allows distribution utilities and industries with higher flexibility and environment friendly optimisation of portfolios by balancing their energy demand-provide on an actual-time foundation. Day Ahead Contingency and Term-Ahead Market (TAM), comprising contingency, every day & weekly and month-to-month contracts up to 3 months, traded 1,911 MU final month, increased by 207.6 per cent on YoY foundation.
IEX Green Market, comprising Green Day-Ahead and Green Term-Ahead Market segments, achieved 188 MU quantity throughout October 2023. The G-DAM achieved 180.80 MU quantity in the course of the month, with a weighted common value of Rs 6.37 per unit. The section noticed participation from 194 market individuals in the course of the month.
The G-TAM achieved 7.23 MU quantity in October 2023, with common month-to-month value of non-photo voltaic at Rs 8.40/unit.
(This story has not been edited by News18 workers and is printed from a syndicated information company feed – PTI)
