IEX achieved a monthly electricity traded volume of 10,910 MU in January 2025, reflecting a 16% year-on-year increase. Notably, the Green Market experienced impressive growth, soaring 218% YoY. The exchange also recorded its highest-ever monthly trade of Renewable Energy Certificates (RECs), with 38.03 lakh RECs traded, up 150% YoY. The average Market Clearing Price in the Day Ahead Market was Rs 4.43/unit, down 24% YoY, providing a competitive edge for Discoms and industrial consumers to lower their sourcing costs.
The Day-Ahead Market (DAM) volume rose to 6,015 MU, a 9% YoY increase, while the Real-Time Electricity Market saw a 28% YoY growth to 3,036 MU. In the Green Market, the Green Day-Ahead Market reported a 235% YoY increase, achieving a volume of 702 MU.
Overall, these developments suggest robust market dynamics and a positive outlook for IEX, particularly in renewable energy trading and competitive pricing mechanisms. Investors should watch closely as the REC trading sessions continue to attract significant participation in February.