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Indian Energy Exchange reported a 19 per cent rise in electricity traded volumes in January, supported by strong growth in the real-time and green power segments. While day-ahead volumes saw moderate gains, real-time trading expanded sharply due to rising grid balancing needs. Renewable energy certificate trading declined year-on-year, with lower volumes and softer prices. Green power volumes increased, though average prices eased due to higher renewable availability. The exchange has lined up new REC trading sessions in February to support ongoing market participation.
Indian Energy Exchange reported a 19 per cent year-on-year increase in electricity traded volumes, reaching 13,050 million units during January, according to a regulatory filing. The growth was led by higher participation across key market segments, reflecting rising short-term power demand and deeper market liquidity. Advertisement
Trading in renewable energy certificates, however, declined during the month. A total of 23.91 lakh RECs were traded, marking a 37 per cent drop compared to the same period last year. The exchange conducted two REC trading sessions during the month, with clearing prices settling at INR 339 and INR 333 per certificate.
Looking ahead, the exchange has scheduled the next REC trading sessions for February 11 and February 25, which are expected to provide further price discovery amid evolving compliance requirements for renewable purchase obligations.
In the Day-Ahead Market, volumes rose modestly to 6,182 million units, compared with 6,015 million units a year earlier, registering a growth of 2.8 per cent. The Real-Time Electricity Market continued its sharp expansion, with volumes climbing to 4,638 million units from 3,036 million units in the corresponding month last year, reflecting a 52.8 per cent increase driven by greater need for grid balancing and demand flexibility.
The IEX Green Market, which includes the green day-ahead and green term-ahead segments, recorded volumes of 832 million units, up 10.7 per cent from the previous year. Despite higher volumes, the weighted average price in the green day-ahead market declined to INR 4.06 per unit, reflecting a 12.5 per cent year-on-year drop amid increased renewable supply.
Source PTI
FAQ
Q1. How did Indian Energy Exchange perform in January in terms of power trading volumes?
Indian Energy Exchange (IEX) reported a strong performance in January, with electricity traded volumes rising 19 per cent year-on-year to 13,050 million units. The growth reflects higher participation across multiple market segments and indicates increasing reliance on short-term power markets to meet demand and manage grid requirements.
Q2. Which segments drove the growth in traded volumes?
The strongest growth came from the Real-Time Electricity Market, where volumes jumped 52.8 per cent to 4,638 million units compared to January last year. This surge was driven by rising grid balancing needs and greater demand flexibility. The green power segment also recorded healthy growth, while the Day-Ahead Market posted moderate gains.
Q3. How did the Day-Ahead Market perform during the month?
In the Day-Ahead Market, volumes increased marginally by 2.8 per cent to 6,182 million units, up from 6,015 million units a year earlier. While growth was relatively modest compared to other segments, the DAM continues to remain the largest contributor to overall traded volumes on the exchange.
Q4. What was the trend in renewable energy certificate (REC) trading?
REC trading declined on a year-on-year basis. About 23.91 lakh RECs were traded in January, representing a 37 per cent drop compared to the same period last year. Two trading sessions were held during the month, with clearing prices at INR 339 and INR 333 per certificate, indicating relatively softer demand.
Q5. How did the green power segment perform in January?
The IEX Green Market recorded volumes of 832 million units, reflecting a year-on-year increase of 10.7 per cent. However, average prices softened, with the weighted average price in the green day-ahead market falling to INR 4.06 per unit, down 12.5 per cent, largely due to higher availability of renewable energy.
Q6. What are IEX's plans for REC trading in the coming months?
IEX has scheduled two additional REC trading sessions in February, on February 11 and February 25. These sessions are expected to support market participation and price discovery as compliance requirements under renewable purchase obligations continue to evolve.
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