IEX Electricity Trade Volumes Grow 16 PC to 37,534 Mu in June Quarter

New Delhi: Indian Energy Exchange (IEX) on Friday posted a 15.9 per cent on-year rise in electricity trade volumes to 37,534 million units in the first quarter of this financial year.

The uptick in trading volumes on power exchanges was largely owing to a spike in power demand primarily driven by heavy usage of air conditioners and cooling appliances as persistent heatwaves swept across North, Central, and Eastern India.

In June alone, IEX achieved a monthly electricity traded volume of 12,210 million units (MUs), posting a year-on-year (y-o-y) rise of 12.5 per cent, the energy exchange said in a statement.

The Market Clearing Price in the Day-Ahead Market was at Rs 5.1/unit during Q1 FY27, a rise of 15.7 per cent compared to Q1 FY26.

Similarly, the Market Clearing Price in the Real-Time Market stood at Rs 4.5/unit during Q1 FY27, increased by 13.8 per cent compared to Q1 FY26.

A total of 9.77 lakh renewable energy certificates (RECs) were traded during Q1 FY27, a decline of 81.4 per cent YoY.

A total of 2.49 lakh RECs were traded in the trading sessions held on June 10 and 24.

The next REC trading session at the Exchange is scheduled on July 8 and July 29.

IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates, including renewable energy certificates as well as energy saving certificates.

(Disclaimer: Except for the headline, this article has not been edited by HDFC Sky editorial team and is auto-generated from PTI feed.)