The overall volume in March 2023 was including green market trade of 391 MU, 8.69 lac RECs (equivalent to 869 MU) and 22,881 ESCerts (equivalent to 23 MU).

During Q4 FY23, IEX achieved 26,052 MU volume across all segments, growing 7% over the previous quarter.

Cumulatively for the fiscal year 2023, IEX traded 96.8 BU, a degrowth of 5% YoY basis, despite a highly constrained sell-side liquidity, which led to the price increasing by 35% on YoY basis

The power exchange said that while high temperatures and increased demand are expected in the coming months, supply side liquidity should improve due to the various conducive policy and regulatory initiatives announced by the Government to increase coal and gas-based generation. These are likely to result in improved sellside availability on the Exchange, leading to competitive prices and higher clearance for discoms & open access consumers, it added.

As per the data published by GRID-INDIA, the energy met in the country during March 2023 stood at 128 BU, declining 2% on YoY basis.

The Day-Ahead Market (DAM) volume increased to 4,745 MU in March 2023 from 4,664 MU in February 2023, 2% growth on MoM basis due to favourable prices. The DAM segment registered 14,301 MU during Q4 FY23, marginal 1% decline over Q3 FY23.

The segment traded 51,151 MU for the cumulative FY23, lower 21% on YoY basis due to higher prices. The average market clearing price in the Day-ahead market was Rs 5.90 per unit during FY23, higher by 35% over FY22 due to demand-supply mismatch.

The Real-Time Electricity Market (RTM) achieved 2,098 MU volume during March 2023, registering 22% MoM growth. There were 701 participants in this segment during the month. The RTM segment registered 5,914 volumes during Q4 FY23, increasing 9% over Q3 FY23. The segment achieved 24,174 MU during FY23, growing 21% YoY.

The consistent growth of RTM segment reflects its relevance to distribution utilities and industries for efficiently balancing their power demand-supply in real-time basis.

The Term-Ahead Market (TAM), comprising intra-day, contingency, daily & weekly contracts, and contracts upto 3 months, traded 1,087 MU during March 2023, growth of 14% on MoM basis. The total volume on the segment during the quarter was 2,943 MU, 48% QoQ growth. The segment achieved 10,093 MU during FY23, registering a robust 82% YoY growth.

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 391 MU volume during March 2023, increasing 15% on MoM basis. The segment achieved 1,080 MU during the quarter and 5,206 MU for FY23. Through its green market products, IEX said that it is facilitating renewables' integration to achieve India's renewable energy targets.

During March 2023, Green Day-Ahead Market (G-DAM) achieved 295 MU volume with a weighted average price of Rs 5.62 per unit. The market saw participation from 212 market participants during the month, with the highest number of participants in a single day at 163 on 17 March 2023. The G-DAM segment achieved 831 MU during Q4 FY23 and 3,814 MU during the entire fiscal year.

The Green Term-Ahead Market (G-TAM) achieved 97 MU volume in March 2023, with average monthly price of Rs 5.50/unit for non-solar and Rs 6.69/unit for hydro. The G-TAM segment achieved 249 MU during Q4 FY23 and 1,392 MU during the entire fiscal year.

IEX said that a total of 8.69 lac RECs were cleared in the trading session at IEX held on Wednesday, 29 March 2023, with cleared price of Rs 1000/REC, increasing 133% over last month. During Q4 FY23, 16,37,098 RECs (equivalent to 1637 MU) were traded, whereas for the FY23 total RECs traded were 59,65,430 (equivalent to 5965 MU). The next REC trading session at the Exchange is scheduled on Wednesday, 26 April 2023.

The company said that the trading of Energy Saving Certificates Market (ESCerts) under PAT Cycle II resumed on IEX platform from 14 February 2023.

In March 2023, 22,881 ESCerts (equivalent to 23 MU) were traded on IEX. Floor price for trading is fixed at 10% of the price of one Mtoe of energy consumed, as notified by the Central Government, which translates to Rs 1840. The ESCerts market at the Exchange accomplished a cumulative trade of 1,76,479 ESCerts (equivalent to 176 MU), during the fiscal year.

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 shed 3.9% to Rs 77.22 crore on 14.7% declined in net sales to Rs 100.28 crore in Q3 FY23 over Q3 FY22.

Shares of Indian Energy Exchange surged 4.65% to end at Rs 133.85 on Monday, 3 April 2023.