Indian Energy Exchange Limited — Updates, 03-12-2024: Press Release

**Updates or General Updates:**

IEX reported a significant increase in its electricity traded volume, achieving 9,689 MU in November, a notable rise of 15.7% year-on-year. The Day-Ahead Market (DAM) volume grew by 9.8% to 5,651 MU, while the Real-Time Market (RTM) saw a strong uptick of 28%, reaching 3,019 MU. However, the overall renewable energy certificates traded dropped by 27.7%, totaling 5.46 lakh RECs. Despite the rising demand for power, the Market Clearing Price in the DAM fell to ₹3.30 per unit, a 17.3% decrease year-on-year, mainly due to ample supply. The green market displayed remarkable growth, with a 331.8% jump in volume, indicating a growing shift toward renewable energy sources. These trends suggest a positive outlook for IEX as it continues to adapt to market demands.

**Investor Presentations:**

1. **Financial Highlights:** IEX recorded a trading volume of 9,689 MU, up 15.7% YoY, while DAM prices dropped to ₹3.30/unit, 17% lower YoY. RTM volume increased 28% YoY, reflecting strong market dynamics.

2. **Strategic Initiatives and Growth Drivers:** The increase in trading volumes, particularly in the RTM and green markets, indicates strategic positioning in the evolving electricity landscape.

3. **Business Developments:** The milestones achieved in traded volumes include 5,651 MU in the DAM and 3,019 MU in the RTM for November, showcasing strong operational performance.

4. **Market Position and Competitive Advantage:** IEX's ability to maintain lower prices amid rising consumption illustrates its competitive edge. The growth in green market segments further enhances this position.

5. **Investor Implications:** The substantial growth in various market segments presents potential for increased shareholder value. Investors should watch closely as IEX leverages its strengths for further expansion in the renewable sector.

**Company Announcements:**

IEX reported achieving a traded volume of 9,689 MU in November, up 15.7% YoY. The Day-Ahead Market volume increased to 5,651 MU, while the Real-Time Market saw a 28% increase at 3,019 MU. The Market Clearing Price in the DAM decreased to ₹3.30/unit, allowing Discoms and Open Access consumers opportunities for cost-effective power purchases. Notably, the green market surged, with 818 MU traded, reflecting a 331.8% growth YoY. This robust performance signals a positive shift in IEX’s operational dynamics.