Indian Energy Exchange trade volume dips 4% YoY to 9212 mn units in March

Indian Energy Exchange's total trade volume declined by 4 per cent to 9,212 million units (MU) in March compared to the same month a year ago.

On a month-on-month basis, the trade volume rose by 12 per cent, a statement said.

Indian Energy Exchange achieved 9,212 MU overall volume in March 2023, including green market trade of 391 MU, 8.69 lac RECs (equivalent to 869 MU) and 22,881 ESCerts (equivalent to 23 MU), a statement said.

The (average spot power) price during March 2023 was Rs 5.25 per unit, lower 23 per cent on MoM basis, due to cooler weather conditions, it explained.

The IEX achieved 26,052 MU volume across all segments during Q4 FY '23 (January-March 2023), growing 7 per cent over the previous quarter.

Cumulatively for the fiscal year 2023, the IEX traded 96.8 BU (billion units), a degrowth of 5 per cent YoY basis, despite a highly constrained sell-side liquidity, which led to the price increasing by 35 per cent on YoY basis, it explained.

The Day-Ahead Market (DAM)