Business Update6 Nov 2023, 01:31 pm
Indian Energy Exchange Achieves Record Electricity Volume in October 2023
AI Summary
Indian Energy Exchange (IEX) achieved a record electricity volume of 9260 MU in October 2023, marking a 21% increase over the same period last year. The overall volume traded during October increased 18% YoY, driven by a surge in power demand due to below-average rainfall and increased electricity consumption. The Day-Ahead Market (DAM) prices on IEX increased to Rs. 6.45 per unit, representing a 68% year-on-year increase. The company's performance was boosted by the growth in the Real-Time Electricity Market (RTM) segment, which increased by 6.1% YoY.,
Key Highlights
- Record electricity volume of 9260 MU in October 2023, up 21% YoY
- Overall volume traded increased 18% YoY
- Day-Ahead Market (DAM) prices increased to Rs. 6.45 per unit, up 68% YoY
- Growth in Real-Time Electricity Market (RTM) segment