Trade quantity dipped 1.7 per cent to 7,574 million models at Indian Energy Exchange (IEX) in April in comparison with a 12 months in the past primarily as a result of energy supply-related constraints which pushed up spot electrical energy costs.
“In the first month of the new fiscal year 2022-23 (April, 2022), the Indian Energy Exchange achieved 7,574 MU volume across all the market segments comprising 6,989 MU in the conventional power market, 336 MU in the green power market and 249 MU (2.49 lakh certificates) in the REC (Renewable Energy Certificate) market,” an IEX assertion mentioned.
It defined that the volumes declined 1.7 per cent in April 2022 vis-à-vis April 2021, contemplating the facility supply-related constraints which additionally led to excessive clearing costs throughout all of the market segments.
Total market quantity for April 2021 was 7,702 MU.
In the day-ahead and real-time market mixed, the whole purchase bids at 21,996 MU (Million Units) had been virtually 3 times of the promote bids at 7,010 MU, whereas the cleared quantity (gross sales) was at 5,818 MU.
This scenario additionally led to a rise within the worth of energy at IEX, each within the standard in addition to the inexperienced markets.
The day-ahead market quantity was at 4,114 MU in the course of the month. The common month-to-month market clearing worth at Rs 10.06 per unit noticed a 172 per cent enhance YoY (Year-on-Year).
The real-time electrical energy market quantity stood at 1,704 MU, reaching a big 16 per cent YoY development with the typical month-to-month worth at Rs 9.55 per unit. The highest single-day quantity of 98.97 MU was achieved on April 30. During the month, 576 contributors transacted within the trade’s real-time market.
The term-ahead market comprising intraday, contingency, every day & weekly contracts traded 1,171 MU, registering a 236 per cent development 12 months on 12 months.
IEX inexperienced market comprising the day-ahead and term-ahead market segments achieved 335 MU quantity throughout April 2022.
The inexperienced day-ahead market achieved 215 MU quantity with the weighted common worth of Rs 9.29 per unit and noticed participation from 175 contributors in the course of the month.
The inexperienced term-ahead market achieved 121 MU quantity and recorded participation from 46 market contributors. The common month-to-month worth for solar energy was Rs 7.79 per unit whereas the typical month-to-month worth for non-solar energy was Rs 11.41 per unit.
Key distribution utilities from states, together with Delhi, Haryana, Kerala, Maharashtra, West Bengal, Assam, Gujarat, Uttarakhand and Uttar Pradesh in addition to a number of industrial customers participated within the trade’s inexperienced market in the course of the month.
A complete of two.49 lakh RECs had been cleared at IEX within the buying and selling session on April 27, 2022. The quantity comprised 1.71 lakh non-solar RECs with a clearing worth of Rs 1,000 per REC and 0.77 lakh photo voltaic REC at Rs 2,200 per REC.
Source: www.financialexpress.com”