New Delhi : Indian Energy Exchange, India’s premier energy exchange, achieved 8,522 MU overall volume in July 2023, including green market trade of 275 MU, 6.24 Lac RECs (equivalent to 624 MU) and 70,222 ESCerts (equivalent to 70 MU). The overall volume traded during the month increased 19% on YoY basis. The price during July ‘23 was Rs. 4.55/unit, lower 16% YoY, due to improved sell side liquidity on the Exchange platform. The supply scenario continued to ease during the month due to robust coal production, reduction in prices of e-auction coal and imported fuel. In the coming months, higher liquidity is expected to result in more competitive prices on the Exchanges, giving further optimisation opportunities to Discoms and Open Access consumers. As per data published by GRID-INDIA, energy met in the country during July ’23 stood at 139 BU, increasing 9% on YoY basis.
ELECTRICITY MARKET:
The Day-Ahead Market (DAM) volume increased to 3,976 MU in July ’23, from 3,547 MU in July ’22, growing 12% YoY. The average market clearing price was Rs. 4.55/ unit during the month, lower by 16% over the corresponding month last year. The Real-Time Electricity Market (RTM) achieved 2,540 MU in July ‘23, registering 19% YoY growth. There were 757 participants in this segment during the month. The RTM segment enables distribution utilities and industries with greater flexibility and efficient optimisation of portfolios, by balancing their power demand-supply on a real-time basis. The Term-Ahead Market (TAM), comprising intra-day, contingency, daily & weekly contracts, and contracts up to 3 months, traded 1036 MU during July ‘23, higher by an impressive 136% on YoY basis.