The overall volume in June 2023 was including green market trade of 272 MU, 5.33 lac RECs (equivalent to 533 MU) and 2.44 lac ESCerts (equivalent to 244 MU).

The power exchange said that supply side scenario during the quarter improved due to enhanced coal supply, reduction in e-auction coal prices, and consistently declining imported coal and gas prices. Increased liquidity on the Exchange led to sharp correction in prices, resulting in optimisation opportunities and higher clearance for Discoms & Open Access consumers.

As per data published by GRID-INDIA, energy met in the country during June 2023 stood at 140 BU, increasing 4.3% on YoY basis.

The Day-Ahead Market (DAM) volume increased to 4,103 MU in June 2023 from 4,065 MU in June 2022, growing 1% YoY. The average market clearing price was Rs 5.37/unit during the month, lower by 17% over the corresponding month last year.

The Real-Time Electricity Market (RTM) achieved its highest-ever monthly volume of 2,675 MU during June 2023, registering 21 % YoY growth. The RTM segment registered volume of 7,252 MU during Q1 FY 2024, increasing 16% over Q1 FY 2023. There were 765 participants in this segment during the month.

The Term-Ahead Market (TAM), comprising intra-day, contingency, daily & weekly contracts, and contracts up to 3 months, traded 1118 MU during June 2023, higher 47% on YoY basis. The total volume on the segment during the quarter was 3,017 MU, a marginal decline of 3% over Q1 FY2023.

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead market segments, achieved 272 MU volume during June 2023 as compared with 540 MU achieved in June 2022. The segment achieved 910 MU during Q1 FY2024.

During June 2023, Green Day-Ahead market (G-DAM) achieved 166 MU volume with a weighted average price of Rs 4.95 per unit. The market saw participation from 177 market participants during the month.

The Green Term-Ahead Market (G-TAM) achieved 106 MU volume in June 2023, with average monthly price for Solar at Rs 3.24/unit, for non-Solar at Rs 5.76/unit and for Hydro at Rs 6.28/unit. The G-TAM segment achieved 386 MU during Q1 FY2024. During Q1 FY 2024, the segment achieved 524 MU.

Total of 5.33 lac (renewable energy certificate) RECs were cleared in the trading session at IEX held on Wednesday, 28th June, with price of Rs. 745/REC. A total of 8.75 lac RECs (equivalent to 875 MU) were traded during Q1 FY2024. The next REC trading session at the exchange is scheduled on Wednesday, 26th July 2023.

During June 2023, 2.44 lac ESCerts (equivalent to 244 MU) were traded on IEX, at the floor price of Rs 1,840 per ESCert. A total of 5.69 lac ESCerts (equivalent to 569 MU) were traded in Q1 FY 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.

On consolidated basis, the company's net profit was flat at Rs 88.34 crore in Q4 FY23 as compared with Rs 88.36 crore in Q4 FY22. Revenue from operations declined 4.5% year on year to Rs 107.03 crore in Q4 FY23.