IEX Achieves 12,040 MU Total Volume in August'24, Marking a 36% YoY Increase

Indian Energy Exchange (IEX), India's premier electricity exchange, achieved a total volume of 12,040 MU in August 2024, marking a 35.8% year-over-year increase. The electricity volume stood at 9,914 MU, up 17.1% YoY, while the renewable energy certificates (REC) were at 2,116 MU, a significant 737.4% YoY increase. The REC market recorded an all-time low price of Rs 115 per certificate. The Day-Ahead Market (DAM) and Real-Time Market (RTM) prices declined significantly due to increased hydro and wind power generation during the monsoon. ICX, a wholly owned subsidiary of IEX, has been designated as the local I-REC(E) Issuer in India by the I-TRACK Foundation Board.