Business Update4 Apr 2024, 02:07 pm
Indian Energy Exchange Achieves 110 BU in FY’24, Sell Liquidity Increases, DAM Price Declines
AI Summary
Indian Energy Exchange (IEX) reported a total volume of 110 BU in FY’24, a 13.8% increase YoY. The sell side liquidity improved, leading to a decrease in DAM prices from Rs 5.94/unit in FY’23 to Rs 5.24/unit in FY’24. Over 75 lac RECs were traded during FY’24, and IEX achieved 30.1 BU volume in Q4FY’24. The electricity market included 14,916 MU in the Day-Ahead Market in Q4FY’24 and reached 53,353 MU for the cumulative FY’24. Several favorable policy interventions deepened power markets.
Key Highlights
- Indian Energy Exchange achieves 110 BU in FY’24, a 13.8% increase YoY
- Sell side liquidity improves, leading to a decrease in DAM prices from Rs 5.94/unit to Rs 5.24/unit in FY’24
- Total 75.39 lac RECs traded during FY’24, a 26% increase YoY
- IEX achieves 30.1 BU volume in Q4FY’24, a 15.7% increase YoY
- Indian electricity market deepens with Government's favorable policy interventions