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Stock Report
IEX Power Market Update, February '25
Posted On : 2025-03-03 23:17:31( TIMEZONE : IST )
Indian Energy Exchange, India's premier electricity exchange, achieved monthly electricity traded volume of 9,622 MU in Febraury'25, marking a 9% increase on year-on-year basis. A total of 16.37 lakh Renewable Energy Certificates were traded during the month, marking a 167% year on year increase.
According to government data published in February '25, the country's energy consumption reached 131.5 BUs. Average daily energy consumption in February'25 increased by 7% as compared to average daily energy consumption in February'24. India experienced milder winters and an unusually warm February, leading to a steady rise in power demand across most regions. Notably, on 07th February 2025, peak power demand reached 238 GW, compared to maximum peak power demand of 222 GW on 23rd February 2024.
Despite the surge in demand, prices on power exchanges were lower compared to previous year, owing to higher supply side liquidity in the DAM segment. The Market Clearing Price in the Day Ahead Market at Rs. 4.38/unit during February'25, declined 11% YoY. These prices presented an opportunity for Discoms and Commercial & Industrial consumers to meet their demand at a competitive price.
ELECTRICITY MARKET: DAY-AHEAD, TERM-AHEAD & REAL-TIME MARKET
The Day-Ahead Market (DAM) achieved 5,369 MU volume in February'25 as compared to 4,722 MU volume in February'24, an increase of 14% YoY.
The Real-Time Electricity Market (RTM) volume increased to 2,887 MU in February '25, from 2,340 MU in February'24, registering an increase of 23% YoY.
Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 814 MU during February '25, lower by 45% on YoY basis.
GREEN MARKET: GREEN DAY-AHEAD & GREEN TERM-AHEAD MARKET
IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 552 MU volume during February'25 as compared to 298 MU in February'24, registering an increase of 85 % YoY.
The Green Day-Ahead Market (G-DAM) achieved 519 MU volume during February'25 with a weighted average price of Rs 4.59 per unit, as compared to 266 MU in February'24, registering an increase of 95% YoY.
The Green Term-Ahead Market (G-TAM) achieved 33 MU volume during February'25 with average monthly price of Non-Solar-Rs 3.88/unit as compared to 32MU in February'24, an increase of 3% YoY.
RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET)
A total of 16.37 lakh RECs were traded in the trading sessions held on 12th February'25 and 27th February'25, at a clearing price of Rs.350/REC and Rs. 349/REC respectively. REC traded volume in February'25 increased by 167% on YoY basis.
The next REC trading sessions at the Exchange are scheduled on 12th March'25 and 26th March'25.
Shares of Indian Energy Exchange Limited was last trading in BSE at Rs. 154.60 as compared to the previous close of Rs. 156.15. The total number of shares traded during the day was 392098 in over 6644 trades.
The stock hit an intraday high of Rs. 157.80 and intraday low of 151.85. The net turnover during the day was Rs. 60658184.00.
