Biznextindia : 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.
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%.
IEX Green Market comprising the Day-Ahead and Term-Ahead Market segments achieved 589 MU volume during July’22, registering decline of 13% YoY.
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.