Hot Pursuit     07-Jun-22
IEX gains on electricity volume rises 16% YoY in May
Indian Energy Exchange (IEX) rose 1.45% to Rs 177.85 after the company said it recorded 7,596 MU volume in May 2022, achieving 16% YoY volume growth across all market segments.

The total traded volume comprised 6,680 MU in the conventional power market, 642 MU in the green power market and 275 MU (2.75 lac Certificates) in the REC market.

IEX's Day-Ahead Market volume stood at 3,173 MU during the month of May 2022, falling 27% YoY with the average monthly price of Rs 6.76 per unit. The market-clearing price saw a decline of 33% month on month (MoM) since the average monthly price was Rs 10.06 in the month of April 2022.

The Real-Time Electricity Market recorded 2,319 MU volume soar 61% in May 2022 from 1,704 MU reported in April 2022. The highest single - day volume of 104.39 MU was achieved on 19 May 2022. The average monthly market clearing price stood at Rs 5.88 per unit saw a decline of 38% on MoM basis. Overall, 592 participants transacted in the RTM market in the month of May.

The Term-Ahead Market comprising intra-day, contingency, daily & weekly contracts traded 1,189MU, registering a 211% year on year jump.

IEX Green Market comprising the Day-Ahead and Term-Ahead market segments achieved 642 MU volume during May 2022 seeing 80% YoY surge.

The Green Day-Ahead Market achieved 493 MU volume with the weighted average price of Rs 5.91 per unit and saw participation from 172 participants during the month.

The Green Term-Ahead Market achieved 148 MU volume and recorded the highest number of participation from 23 market participants on 4 May. The average monthly price for solar was Rs 6.41 per unit while the average monthly price for non-solar was Rs 8.21 per unit.

A total of 2.75 lacs Renewable Energy Certificate (RECs) were cleared in the trading session at IEX held on 25 May 2022. The volume comprised 1.71 lacs Non-Solar RECs with a clearing price of Rs 1,000 per REC and 1.03 lacs Solar REC with a clearing price of Rs 2,201 per REC.

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 soared 45.3% to Rs 88.4 crore on a 19.5% increase in net sales to Rs 112.08 crore in in Q4 FY22 over Q4 FY21.

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