IEX in a statement said RTM has accomplished volume of 515.46 MU ( million units) in June 2020. According to the statement, RTM saw a substantial sell-side liquidity at 1,810 MU – 2.4 times of the buy volumes at 742 MU -and competitive price discovery New Delhi: The average spot power price in the real […]
Real-time power market will be ideal in dealing with variability and sudden demand surge: Rohit Bajaj, IEX
We had intraday market available but that is about two-and-a-half hour in advance, during which many things are not clear – demand, weather pattern and availability of own resources, said Bajaj New Delhi: The 15-minute power trading window that will be available for companies engaging in spot electricity trade at the Indian Energy Exchange (IEX) […]
Covid-19 lockdown impact: Power demand drops as offices stay plugged out
The price discovered on the IEX Day Ahead Market for delivery on Wednesday was at ₹1.95 per unit. The spot power price hit a low of ₹1.90 per unit in June 2017 due to excessive rainfall. Sources said the closure of offices and factories, reduced buying by state distribution utilities and the Indian Railways stopping […]
IEX firms up after Feb business update
Indian Energy Exchange rose 2.53% to Rs 187.30 after the company issued business update for February 2020. The electricity market at IEX recorded a trade of 4,516 million units (MU) in the month of February 2020. The market witnessed a 57% year-on-year growth on the back of increase in traded volumes. The company in an […]
IEX electricity market trades 3,825 MU in November, up 7 pc y-o-y
Spot Power Price Falls 20% In November
Average spot power price fell 20 percent to Rs 2.85 per unit in November as compared to the year-ago month, the Indian Energy Exchange said on Thursday. The average spot price or market price of electricity in November 2018 was 3.58 a unit, IEX said in a statement. “The day-ahead market traded 3,389 million units […]
IEX Likely To Launch Renewable Energy Contracts Next Year
Electricity trading platform Indian Energy Exchange Ltd. hopes to begin trading renewable energy contracts from early next year, a top company official said. The IEX is an electronic system based power trading exchange regulated by the Central Electricity Regulatory Commission and started its operations in June 2008 and currently has 4,500 producers on its platform. […]
June spot power price dips 11% to Rs 3.32/unit
New Delhi: Average spot power price fell 11 per cent to Rs 3.32 per unit in June compared to the year-ago month, the Indian Energy Exchange (IEX) said Monday. With trading of 4,207 million units (MU) of electricity, the volume in the day-ahead-market (DAM) grew 12 per cent month-on-month. As compared to June 2018, the […]
Stock corner: ‘Buy’ on India Energy Exchange, target price Rs 215
DAM+TAM (short-term market) accounts for ~85% of IEX’s revenues. India Energy Exchange’s (IEX) 4QFY19 EBITDA came in above expectations, as impact of higher exchange charges on renewable energy certificates i.e. REC reflected. This offset the 9% Y-o-Y decline in core volumes. Near-term tepid volumes should not be extrapolated given the regulatory push for market determined […]
Green Certificates sales down 22 pc in 2018-19
Sales of renewable energy certificates declined over 22 per cent to 1.25 crore units this fiscal on IEX and PXIL as compered to 1.61 crore in 2017-18, mainly due to lower inventory (supply), according to official data. In March, sales of RECs or green certificates declined by over 51 per cent to 11.78 lakh from […]