The Indian Energy Exchange traded 7,093 CUs of electricity volume on June 21, recording 48% year-over-year growth. According to electricity demand data released by the National Load Dispatch Center, national peak demand increased 16% year-on-year, with the highest peak demand on record at 191.51 GW, while energy consumption at 115 BU increased 8% year-on-year. Growth has been led by easing lockdowns related to COVID-19 across the country, as well as the peak summer season and heat wave in northern India.
Cumulatively for the first quarter of fiscal 2022, the forex market experienced a robust performance despite the foreclosure restrictions induced by CoVID-19. The electricity market reached the volume of CU21,340 in the first quarter, resulting in 44% year-on-year growth.
Amid increasing electricity consumption in the country, distribution utilities and industries increasingly rely on the IEX electricity market to source energy in the most competitive, efficient, sustainable and sustainable manner. flexible.
DAY, TERM AND REAL-TIME ELECTRICITY MARKET
The day-ahead market traded a volume of CU4,314 as of June 21 with an average monthly price of Rs 3.06 per unit. Offers to sell at 2X of the volume cleared during the month of June ’21 ensured a high availability of electricity and the discovery of competitive prices thus offering optimization opportunities to the distribution utilities. For the first quarter of 2022, the day-ahead market on the Bourse traded at CU14,377 and grew 7% year-on-year.
The futures market comprising intraday, emergency, daily and weekly contracts traded at CU641 during the month, growing 539% year-on-year. Cumulatively, for the first quarter, the futures market traded a total of CU1372 and grew 54% year-on-year.
The real-time electricity market continued to perform exceptionally well with the highest ever monthly volumes of CU1726 at an average monthly price of Rs 3.02 per unit. The volume of trade has grown significantly by 235% year-on-year and 20% month-on-month. The market also recorded the highest volume on record in a single day with 80 MUs traded on June 22. In the first quarter, the market had a cumulative trade of CU4,635. The steady growth of the real-time electricity market is an indication of the increasing dependence of distribution utilities and industries in the market to meet their balancing of real-time electricity supply and demand at competitive prices.
The green futures market also recorded the highest monthly volume ever traded in June ’21. With a volume of 412 MU in June ’21, the market grew by 15% compared to the previous month, driven by the current wind season. For the first quarter, the market recorded a cumulative trading volume of CU955, already surpassing the total green volumes achieved in fiscal year 2021. The market is experiencing an increasing increase in participation and has become a key enabler green energy trading among distribution services. , industrial consumers and green producers offering the most competitive and viable avenue.
A total of 49 participants participated during the month with distribution services from West Bengal, Bihar, Haryana, Telangana, Karnataka, Uttar Pradesh, Goa, Maharashtra, Daman & Diu , Assam and New Delhi, among others, as key participants.
RENEWABLE ENERGY CERTIFICATES
The REC stock market session which was scheduled for June 30, ’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 next hearing on the subject on APTEL is scheduled for July 5, 7 and 9, 2021.
Shares of Indian Energy Exchange Ltd were last trading in BSE at Rs.382 from the previous close of Rs. 380.1. The total number of shares traded during the day was 57,623 in more than 1,554 transactions.
The share hit an intraday high of Rs. 384.7 and an intraday low of 379.2. The net turnover during the day was Rs. 21,993,278.