The IEX has achieved 8,655 MU total electricity volume in December 2023, registering an increase of 8.7% on YoY basis.

According to government data published in December 2023, the country's energy consumption remained flattish at 119.07 billions units.

The Day-Ahead Market (DAM) volume was at 4,798 MU in December 2023 as compared to 5,001 MU in December 2022. The DAM segment registered total volumes of 14,684 MU during Q3 FY24, a marginal increase of 1.5% over Q3 FY23.

The Real-Time Electricity Market (RTM) increased to 2,405 MU in December 2023, from 1,763 MU in December 2022, registering an increase of 36.4% YoY. The RTM segment registered volume of 7,166 MU during Q3 FY24, increasing 31.9% over Q3 FY23.

The Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 1,220 MU during December 2023, higher by 48.4% on YoY basis. The total volume on the segment during the quarter was 3,810 MU, growth of 91.4% over Q3 FY’23.

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 232 MU volume during December 2023. During Q3FY24, the segment achieved volume of 609 MU.

The Green Day-Ahead Market (G-DAM) achieved 216.6 MU volume during the month, with a weighted average price of Rs 4.86 per unit. The segment saw participation from 187 market participants during the month. During Q3FY24, the segment achieved volume of 579.6 MU.

The Green Term-Ahead Market (G-TAM) achieved 15.4 MU volume in December 2023, with average monthly price of non-solar Rs 6.08 unit. During Q3FY24, the segment achieved volume of 29.9 MU.

A total of 10.52 lakh RECs (equivalent to 1052 MU) were traded in the trading session held on Saturday, 13 December 2023 and 27 December 2023, at clearing price of Rs 370/REC and Rs. 360/REC respectively.

REC traded volume in December 2023 increased by 115.9% on YoY basis. A total of 20.24 lakh RECs (equivalent to 2,024 MU) were traded during Q3 FY’24.

The next REC trading sessions at the Exchange are scheduled on 10th January 2024 and 24th January 2024.

IEX is India's premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable power, renewable energy certificates and energy saving certificates.

The company’s consolidated net profit jumped 21.43% to Rs 86.46 crore on 14.01% increase in revenue from operations to Rs 108.53 crore in Q2 FY24 over Q2 FY23.