The Indian Energy Exchange traded electricity volume of 8,997 MU and achieved 59% year-on-year growth in September’21. According to electricity demand data released by the National Load Dispatch Center, national peak demand in September ’21 saw a 2% year-over-year increase, with the highest peak demand on record at 180.7 GW, while energy consumption at 114.5 BUs remained stable during the month.
Cumulatively, for the second quarter of fiscal 2022, the foreign exchange market recorded significant growth in volume. The electricity market reached a volume of CU25,857 during the second quarter, resulting in 57% year-on-year growth in all market segments.
IEX is excited to launch Value Added Services (VAS) for Renewable Power Generators, further strengthening its customer centric initiatives. These services are available on the IEX website (www.iexindia.com). Renewable energy producers wishing to benefit from services such as generation forecasting solutions, qualified coordination agency (QCA) and analysis, etc. can contact the best-in-class service providers at competitive prices. We are excited to integrate Climate Connect as the premier empaneled service provider and look forward to welcoming other service providers who wish to join us on this exciting journey.
DAY, TERM AND REAL-TIME ELECTRICITY MARKET
The day-ahead market traded a volume of CU6,418 on September 21 with an average monthly price of Rs 4.4 per unit. For the second quarter of 2022, the day-ahead market on the Bourse traded at CU17,305 and grew 26% year-on-year. Distribution utilities are increasingly focusing on the day-ahead market to meet their short-term supply needs in a competitive and flexible manner.
The futures market comprising intraday, emergency, daily and weekly contracts traded at CU193 during the month, growing 81% year-on-year. Cumulatively, for the second quarter, the futures market traded a total of CU1571 and saw spectacular growth of 438% year-on-year.
The real-time electricity market traded in volume of CU1843 and experienced significant growth of 162% year-on-year. In the second quarter, the market achieved cumulative trade of CU5,298 recording robust growth of 125% year-on-year. The constant growth of the real-time electricity market is an indication of the growing dependence of distribution utilities and industries to achieve the balancing of real-time electricity supply and demand in the same way. more efficient.
The green futures market reached a volume of CU543 with a splendid growth of 555% year-on-year. For the second quarter, the market registered a cumulative trade of 1,682 MU. The market has seen a tremendous increase in the number of participants as more utilities and C&I consumers enter the market to meet their energy and RPO requirements in an integrated, flexible and competitive manner.
RENEWABLE ENERGY CERTIFICATES
The REC stock market session which was scheduled for September 29, 21 did not take place due to a suspension order from the Electricity Appeal Tribunal (APTEL), in response to requests filed by some associations of ‘renewable energy. The case is still pending at APTEL and the final decision is awaited.
ENERGY SAVING CERTIFICATES
IEX is expected to start marketing Energy Saving Certificates (ESCerts) under the Perform, Achieve & Trade Cycle-II (PAT-II) program soon about the notification from the Office of Energy Efficiency (BEE) , Ministry of Energy. The PAT-II aims to achieve overall energy savings of 8.87 MTEP and covers 621 designated consumers covering 11 energy intensive industrial sectors. The exchange has already started registrations and also hosted the outreach and dissemination webinars.
Shares of Indian Energy Exchange Limited were last trading in the BSE at Rs. 645.7 from the previous close of Rs. 636.95. The total number of shares traded during the day was 634,812 in over 16,673 trades.
The share hit an intraday high of Rs. 666.7 and an intraday low of 641.8. The net turnover during the day was Rs. 414 288 445.