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Stock Report
Indian Energy Exchange achieves 7151 MU volume in July 2022
Posted On : 2022-08-04 09:51:26( TIMEZONE : IST )
The Indian Energy Exchange achieved 7151 MU volume in July'22 comprising 6088 MU in the conventional power market, 589 MU in the Green Power Market, and 475 MU (4.75 lac Certificates) in the REC Market, with a decline of 1.7% across all market segments on YoY basis.
According to the power demand data published by the National Load Dispatch Center, during July'22 the energy consumption at 128 BU saw 2.3% YoY growth whereas there was a decline of 4% w.r.t June'22. The national peak demand at 190 GW was lower by 5% YoY and 10% lower on MoM basis due to good monsoon spell. Because of the reduction in demand, the clearing price in the Day- Ahead Market reduced to Rs. 5.41 per unit in July'22 from Rs. 6.49 per unit in June'22.
ELECTRICITY MARKET: DAY- AHEAD, TERM- AHEAD & REAL-TIME MARKET
The Day-Ahead Market volume at 3517 MU saw a decline of 17% YoY during the month. The market clearing price was Rs. 5.41 per unit which was lower by 17% on MoM basis. Because of supply constraints, the clearing price was high by 84% w.r.t same period last year.
The Real-Time Electricity Market achieved 2131 MU volume during the month, registering a growth of 34% YoY. The highest single-day volume of 89.16 MU was achieved on 20th July'22.
The Term-Ahead Market comprising intra-day, contingency, daily & weekly contracts traded 440 MU during the month, registering de-growth of 42%.
GREEN MARKET: DAY-AHEAD & TERM-AHEAD MARKET
IEX Green Market comprising the Day-Ahead and Term-Ahead Market segments achieved 589 MU volume during July'22, registering decline of 13% YoY.
The Green Day-Ahead Market achieved 446 MU volume with the weighted average price of Rs 4.63 per unit and saw participation from 169 market participants during the month. The highest number of participants in a single day was 116 on July 12.
The Green Term-Ahead Market achieved 142 MU volume and witnessed participation from 18 market participants. The average monthly price for Solar was Rs 3.39 per unit while the average monthly price for Non-Solar green power was Rs 5.78 per unit.
The key distribution utilities from States including Haryana, Daman & Diu - Dadra & Nagar Haveli, Telangana, Gujarat, Punjab as well as several industrial consumers participated in the Exchange's Green Market during the month.
RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET)
A total of 4.75 lacs RECs were cleared in the trading session at IEX held on Wednesday, 27th July'22. The volume comprised 3.08 lacs Non-Solar RECs with clearing price at Rs 1,000 per REC and 1.67 lacs Solar REC with clearing price at Rs. 1100 per REC.
The next REC trading session at the Exchange is scheduled on Wednesday 31 August 2022.
Shares of Indian Energy Exchange Limited was last trading in BSE at Rs. 166.30 as compared to the previous close of Rs. 166.15. The total number of shares traded during the day was 369445 in over 4837 trades.
The stock hit an intraday high of Rs. 168.50 and intraday low of 164.45. The net turnover during the day was Rs. 61373968.00.
