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    IEX volume grows 29% in February

    Synopsis

    The exchange achieved 8,760 MU volume in February comprising 7,695 MU in the conventional power market, 453 MU in the green power market and 612 MU (6.12 lakh certificates) in the REC market.

    power newAgencies
    Representative image
    New Delhi: The Indian Energy Exchange on Thursday said it achieved 29% volume growth across all market segments during February.

    According to the power demand data published by the National Load Dispatch Center, the energy consumption at 105.5 BU saw 2.2% YoY growth while the national peak demand at 193.6 GW saw 3% YoY growth during Feb’22.

    The exchange achieved 8,760 MU volume in February comprising 7,695 MU in the conventional power market, 453 MU in the green power market and 612 MU (6.12 lakh certificates) in the REC market.

    The Day-Ahead Market volume at 5,612 MU saw a 9.5% YoY growth with the average market clearing price at Rs 4.44 per unit seeing 31% YoY increase mainly due to low generation from imported coal based power plants on account of high imported coal prices as well as increase in the demand for power across states.

    The Term-Ahead Market comprising intra-day, contingency, daily and weekly contracts traded 527 MU registering 22% YoY growth.

    The Real-Time Electricity Market achieved 1556 MU volume achieving a significant 39% YoY growth with the average monthly price at Rs 4.35 per unit. The highest single-day volume of 89 MU was achieved on February 22.

    During February, 519 participants transacted in the exchange’s RTM market.

    IEX Green Market comprising the day-ahead and term-ahead market segments achieved 453 MU volume during February.

    The Green Day-Ahead Market achieved 191 MU volume with the weighted average price of Rs 4.78 per unit and saw participation from 188 market participants.

    The Green Term-Ahead Market achieved 262 MU volume and recorded participation from 51 market participants. The average monthly price for Solar was Rs 3.93 per unit while the average monthly price for non-solar was Rs 4.72 per unit.

    The key distribution utilities from states including Delhi, Himachal Pradesh, Haryana, Telangana, Karnataka, Daman and Diu, and West Bengal as well as several industrial consumers participated in the Exchange’s Green Market during the month.

    In an order dated February 24, the Central Electricity Regulatory Commission (CERC) has granted approval to the exchange to introduce hydropower contracts in the Green Term-Ahead Market (GTAM). This move will facilitate the compliance of Hydropower Purchase Obligation (HPO) by the obligated entities. In the proposed contracts, participants would be able to trade under Intra-day, Day-ahead Contingency, Daily and Weekly contracts.

    A total of 6.12 lakh RECs were cleared in the trading session held on Wednesday, 23 February on the Exchange. The volume comprised of 4.44 lakh Non-Solar RECs with clearing price at Rs 1,000 per REC and 1.67 lacs Solar REC with clearing price at Rs 2,300 per REC. The next REC trading session at the exchange is scheduled on Wednesday 30 March.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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