IEX trade volume increases nearly 21% to 11,370 million units in September

Indian Energy Exchange's (IEX) total trade volume rose 24 per cent year-on-year to 11,370 million units (MU) in September this year.

The electricity volume increased 21 per cent year-on-year to 10,332 MU in September, an IEX statement said on Monday.

According to the statement, IEX achieved total monthly (trade) volume (including certificates) of 11,370 MU in September 2024, marking a 24 per cent year-over-year increase.

The Renewable Energy Certificates (REC) at 1,031 MU, increased 100 per cent year-on-year. At Rs 110 per certificate, the REC market recorded an all-time low price in the trading session held on September 25, 2024.

These prices provide an opportunity to obligated entities (DISCOMS and Captive Power Producers) to meet their Renewable Purchase Obligations, and voluntary customers to meet their sustainability aspirations.

With a steady monsoon in September, there was a significant rise in hydro and wind power generation, which led to a substantial drop in Day-Ahead Ma