The overall volume in May 2023 was including green market trade of 358 MU, 1.42 lac RECs (equivalent to 142 MU) and 2.02 lac ESCerts (equivalent to 202 MU).

The power exchange said that while increase in power demand is expected in the coming months, the supply side liquidity is likely to further improve due to enhanced coal supply, reduction in e-auction coal prices, and consistently declining imported coal and gas prices. 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 May 2023 stood at 136.5 BU, marginally increasing 1% on YoY basis.

The Day-Ahead Market (DAM) volume increased to 4,066 MU in May 2023 from 3,224 MU in May 2022, growing 26% YoY. The average market clearing price was Rs 4.74/ unit during the month, lower by 30% over the corresponding month last year.

The Real-Time Electricity Market (RTM) achieved highest-ever monthly volume of 2,424 MU during May 2023, registering 13% MoM and 5% YoY growth. There were 719 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 1,058 MU during May 2023, lower 11% on YoY basis.

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 358 MU volume during May 2023, growing 28% on MoM basis. The company said that this Market facilitates renewables' integration to achieve India's sustainability targets.

During May 2023, Green Day-Ahead Market (G-DAM) achieved 199 MU volume with a weighted average price of Rs 5.20 per unit. The market saw participation from 181 market participants during the month.

The Green Term-Ahead Market (G-TAM) achieved 158 MU volume in May 2023, with average monthly price of Rs 3.47/unit for solar, Rs 5.43/unit for non-solar and Rs 5.14/unit for hydro.

Total of 1.42 lac (renewable energy certificate) RECs were cleared in the trading session at IEX held on Wednesday, 31st May, with price of Rs 899/REC. The next REC trading session at the Exchange is scheduled on Wednesday, 28th June 2023.

During May 2023, 2.02 lac ESCerts (equivalent to 202 MU) were traded on IEX, at the floor price of Rs 1,840 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.

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.

The scrip declined 1.66% to Rs 150.65 on the BSE.