The overall volume in March 2023 was including green market trade of 280 MU, 1.99 lac RECs (equivalent to 199 MU) and 1.23 ESCerts (equivalent to 123 MU).

The power exchange said that while increase in power demand is expected in the coming months, the supply side liquidity is likely to be maintained due to improved coal supply. This will lead to competitive prices and higher clearance for discoms & open access consumers.

As per data published by GRID-INDIA, energy met in the country during April 2023 stood at 130.57 BU, declining 1.1% on YoY basis, due to widespread rains.

The Day-Ahead Market (DAM) volume increased to 4,332 MU in April 2023 from 3,993 MU in April 2022, 8.5% growth on YoY basis due to favourable prices. The average market clearing price was Rs 5.41/ unit during the month, significantly lower by 46% over the corresponding month last year.

The decline in price was due to improving supply side scenario leading to increased liquidity, as well as cooler weather conditions. Sell-side liquidity improved on the exchange due to Government initiatives to ensure adequate power supply during this summer season, including gas-based thermal power that was made available on the exchange.

The Real-Time Electricity Market (RTM) achieved 2,152 MU volume during April 2023, registering a 26% YoY growth. There were 733 participants in this segment during the month. The consistent growth of RTM segment reflects its increasing acceptance among distribution utilities and industries to efficiently balance their power demand-supply in real-time basis.

The Term-Ahead Market (TAM), comprising intra-day, contingency, daily & weekly contracts, and contracts up to 3 months, traded 842 MU during April 2023, lower 28% on YoY basis.

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 280 MU volume during April 2023, lower 16% on YoY basis. Through this market, IEX said that it is facilitating renewables' integration to achieve India's sustainability targets.

During March 2023, Green Day-Ahead Market (G-DAM) achieved 159 MU volume with a weighted average price of Rs 5.68 per unit. The market saw participation from 202 market participants during the month.

The Green Term-Ahead Market (G-TAM) achieved 121 MU volume in April ‘23, with average monthly price of Rs 6.48/unit for non-Solar and Rs 5.83/unit for Hydro.

IEX said that a total of 1.99 lac RECs were cleared in the trading session at IEX held on Wednesday, 26 April, with cleared price of Rs 1000/REC. The next REC trading session at the Exchange is scheduled on Wednesday, 31 May 2023.

During April 2023, 1.23 lac Energy Saving Certificates Market (ESCerts) (equivalent to 123 MU) traded on IEX, at the floor price of Rs 1840 per ESCert.

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 rose 0.45% to currently trade at Rs 156.10 on the BSE.