Real-time market records highest ever volume of 1233 MW Indian Energy Exchange achieved a new milestone in the month of January’21 with all-time high volume of 7434 MU leading to a significant 47% YoY growth in electricity volume traded during the month. The day-ahead market traded 5584 MU and saw a notable 17% YoY growth […]
IEX electricity market volume grows 61% YoY in Nov
The Indian Energy Exchange (IEX) traded electricity volume of 6164 million units (MU) in November 2020, registering a significant 61% YoY growth. The day-ahead market volume at 4,860 MU (million units) also recorded 43% Y-o-Y growth. “The market continued to see high sell side liquidity with total sell bids at 9,778 MU being twice that […]
IEX expands Green Market – introduces new contracts to enable renewable energy trade on the same day and up to 11 days ahead
~The two newly introduced green contracts, Daily and Weekly, are in addition to already operational Intra-day and Day-Ahead Contingency (DAC) contracts in the Green Market ~ ~Within 102 days of commencement, Green Market has traded 459 MU volume comprising 404 MU traded in Solar and 55 MU traded in Non-Solar segments~ New Delhi: The Indian […]
Average spot power price rises 1 pc in Oct at IEX
This has ensured that the distribution utilities and industries accrue significant financial savings while leveraging the Exchange market for increasingly meeting their short-term electricity requirements at low cost, it added New Delhi : Average spot power price rose marginally by one per cent to Rs 2.74 per unit in October at Indian Energy Exchange (IEX), […]
MCX, IEX ink licensing agreement to launch electricity derivatives
The launch of electricity derivatives will provide an effective risk management avenue and help the value chain participants to hedge price risks and protect their revenue margins, it said Mumbai: The Multi-Commodity Exchange of India (MCX) on Thursday said it has entered into a licensing agreement with Indian Energy Exchange to launch Electricity derivatives. The […]
MCX, IEX ink licensing agreement to launch electricity derivatives
The launch of electricity derivatives will provide an effective risk management avenue and help the value chain participants to hedge price risks and protect their revenue margins, it said Mumbai: The Multi-Commodity Exchange of India (MCX) on Thursday said it has entered into a licensing agreement with Indian Energy Exchange to launch Electricity derivatives. The […]
IEX sees 13.2% growth in electricity sales in Q2
The second quarter initially saw a slump in manufacturing due to re-lockdowns in a few states The real-time electricity market (RTM), launched on June 01, 2020, also continued to witness robust volume and traded 2,350 MU in Q2FY21 Indian Energy Exchange (IEX) on Wednesday said it has recorded a 13.2 per cent rise in electricity […]
Energy exchanges seek reopening of green certificate trading as APTEL looks into floor price issue
New Delhi: Energy exchanges IEX and PXIL have made a case for reopening the trading of renewable energy certificate (REC), saying the market closure is impacting the entire value chain in the electricity marketplace. The Indian Energy Exchange (IEX) and Power Exchange India (PXIL) are of the view that issues related to fixing floor and […]
IEX provides power market update for June 2020
The electricity market at the Indian Energy Exchange witnessed a total trade of 4790 MU in June ’20 recording a 5% YoY increase, despite the national peak demand registering a 10% YoY decline during the month. Increased economic activity and easing of the lockdown restrictions in most parts of the country coupled with peaking summers […]
SC’s action may clear way for electricity futures in India
After years of delays, India may soon open a derivatives market for the power sector allowing both power generators and consumers to enter into futures contracts and use it as a new hedging tool to mitigate price volatility and other associated risks. New Delhi: After years of delays, India may soon open a derivatives market […]