Indian Energy Exch Share Price
Indian Energy Exchange Ltd.
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Volume
Value
Market Cap |
P/E Ratio |
P/B Ratio |
Industry P/E |
---|---|---|---|
Rs. 11404.75 Cr |
66.61 |
29.30 |
95.78 |
ROE |
EPS (TTM) |
Dividend Yield |
Book Value |
---|---|---|---|
50.10 % |
3.37 |
0.89 % |
8.14 |
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As of 29 Mar`23 the Market Cap of Indian Energy Exchange Ltd. is 11404.75.
As of 29 Mar`23 the PE is 66.61 and PB is 29.30.
A decrease in the sales to Rs. 951.98 millions was observed for the quarter ended September 2022. The sales stood at Rs. 1091.61 millions during the similar quarter previous year.The Net proft of the company remain more or less same to Rs. 700.60 millions from Rs. 781.05 millions ,decline by -10.30%.A decline of 975.08 millions was observed in the OP in the quarter ended September 2022 from 1076.77 millions on QoQ basis.
(Rs. in Million) |
Quarter ended | Year to Date | Year ended | |||||||
202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
Sales | 951.98 | 1091.61 | -12.79 | 1935.50 | 1996.25 | -3.04 | 4255.49 | 3171.14 | 34.19 |
Other Income | 185.71 | 119.07 | 55.97 | 336.14 | 238.20 | 41.12 | 523.28 | 402.72 | 29.94 |
PBIDT | 975.08 | 1076.77 | -9.44 | 1935.64 | 1961.82 | -1.33 | 4179.07 | 2997.06 | 39.44 |
Interest | 5.18 | 4.70 | 10.21 | 10.64 | 10.20 | 4.31 | 19.75 | 20.55 | -3.89 |
PBDT | 969.90 | 1072.07 | -9.53 | 1925.00 | 1951.62 | -1.36 | 4159.32 | 2976.51 | 39.74 |
Depreciation | 45.68 | 41.13 | 11.06 | 87.61 | 80.94 | 8.24 | 163.25 | 158.56 | 2.96 |
PBT | 924.22 | 1030.94 | -10.35 | 1837.39 | 1870.68 | -1.78 | 3996.07 | 2817.95 | 41.81 |
TAX | 223.62 | 249.89 | -10.51 | 450.92 | 453.43 | -0.55 | 970.94 | 683.07 | 42.14 |
Deferred Tax | 4.81 | -12.78 | -137.64 | 9.56 | -23.19 | -141.22 | -47.69 | 24.81 | -292.22 |
PAT | 700.60 | 781.05 | -10.30 | 1386.47 | 1417.25 | -2.17 | 3025.13 | 2134.88 | 41.70 |
Equity | 897.85 | 298.62 | 200.67 | 897.85 | 298.62 | 200.67 | 897.79 | 298.50 | 200.77 |
PBIDTM(%) | 102.43 | 98.64 | 3.84 | 100.01 | 98.28 | 1.76 | 98.20 | 94.51 | 3.91 |
A decrease in the sales to Rs. 1002.75 millions was observed for the quarter ended December 2022. The sales stood at Rs. 1141.97 millions during the similar quarter previous year.The Net Profit of the company registered a slight decline of -10.92% to Rs. 711.81 millions from Rs. 799.09 millions.The company reported a degrowth in operating Profit to 1003.58 millions from 1106.30 millions.
(Rs. in Million) |
Quarter ended | Year to Date | Year ended | |||||||
202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
Sales | 1002.75 | 1141.97 | -12.19 | 2938.25 | 3138.22 | -6.37 | 4255.49 | 3171.14 | 34.19 |
Other Income | 170.74 | 124.83 | 36.78 | 506.88 | 363.03 | 39.62 | 523.28 | 402.72 | 29.94 |
PBIDT | 1003.58 | 1106.30 | -9.29 | 2939.22 | 3068.12 | -4.20 | 4179.07 | 2997.06 | 39.44 |
Interest | 6.65 | 4.95 | 34.34 | 17.29 | 15.15 | 14.13 | 19.75 | 20.55 | -3.89 |
PBDT | 996.93 | 1101.35 | -9.48 | 2921.93 | 3052.97 | -4.29 | 4159.32 | 2976.51 | 39.74 |
Depreciation | 49.25 | 41.30 | 19.25 | 136.86 | 122.24 | 11.96 | 163.25 | 158.56 | 2.96 |
PBT | 947.68 | 1060.05 | -10.60 | 2785.07 | 2930.73 | -4.97 | 3996.07 | 2817.95 | 41.81 |
TAX | 235.87 | 260.96 | -9.61 | 686.79 | 714.39 | -3.86 | 970.94 | 683.07 | 42.14 |
Deferred Tax | 11.19 | -7.75 | -244.39 | 20.75 | -30.94 | -167.07 | -47.69 | 24.81 | -292.22 |
PAT | 711.81 | 799.09 | -10.92 | 2098.28 | 2216.34 | -5.33 | 3025.13 | 2134.88 | 41.70 |
Equity | 897.85 | 897.74 | 0.01 | 897.85 | 897.74 | 0.01 | 897.79 | 298.50 | 200.77 |
PBIDTM(%) | 100.08 | 96.88 | 3.31 | 100.03 | 97.77 | 2.32 | 98.20 | 94.51 | 3.91 |
The supply side constraints continued because of high prices of e- auction coal, imported coal and gas
Indian Energy Exchange is currently trading at Rs. 145.70, up by 2.20 points or 1.53% from its previous closing of Rs. 143.50 on the BSE.
The scrip opened at Rs. 144.15 and has touched a high and low of Rs. 146.70 and Rs. 143.95 respectively. So far 513551 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 318.40 on 19-Oct-2021 and a 52 week low of Rs. 138.75 on 30-Sep-2022.
Last one week high and low of the scrip stood at Rs. 146.70 and Rs. 138.75 respectively. The current market cap of the company is Rs. 13125.07 crore.
The Institutions and Non-Institutions held 42.42% and 57.58%, stake in the company respectively.
Indian Energy Exchange (IEX) has achieved 8160 MU volume in September 2022, registering a 5% month-on-month (MoM) growth. This included 7118 MU in the conventional power market, 454 MU in the Green Power Market, and 588 MU in the REC Market.
The supply side constraints continued because of high prices of e- auction coal, imported coal and gas. This led to the average clearing price in the Day-ahead market rising to Rs. 5.63 in September, which was 9% higher on MoM basis and 28% higher on YoY.
The total volume in September 2022 has lower by 8% on YoY basis while in the second quarter of the fiscal year 2023, the Exchange Market registered 23,115 MU volume, which has lower by 11% YoY across market segments. Cumulatively, the total volume traded in H1 FY2023 marginally declined by 1% over H1 FY22.
IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.
Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, Indian Energy Exchange has informed that it attached the Investor Presentation & Press Release on Unaudited Financial Results for the Second Quarter ended September 30, 2022. The above information will also be made available on the website of the Company www.iexindia.com.
The above information is a part of company’s filings submitted to BSE.
Indian Energy Exchange has informed that it enclosed schedule of Analysts/Institutional Investor meet(s) to be held on 27th October 2022. The schedule of the aforesaid Conferences/meetings is subject to change and change may happen due to exigencies on the part of institutional investors/company. No unpublished price-sensitive information pertaining to the Company is proposed to be shared during the aforesaid meeting. The above information will also be made available on the website of the Company: www.iexindia.com.
The above information is a part of company’s filings submitted to BSE.
Indian Energy Exchange has informed that the Analysts/Institutional Investor virtual meet(s) (One-to-One) will be held on October 31, 2022 with Itus Capital. The schedule of the aforesaid Conferences/meetings is subject to change. The change may happen due to exigencies on the part of institutional investors/company. No unpublished price-sensitive information pertaining to the Company is proposed to be shared during the aforesaid meeting. The above information will also be made available on the website of the Company: www.iexindia.com.
The above information is a part of company’s filings submitted to BSE.
Indian Energy Exchange has informed that it enclosed the Media Release on ‘IEX Power Market Update, October 2022’. The above information will also be made available on the website of the Company: www.iexindia.com.
The above information is a part of company’s filings submitted to BSE.
Indian Energy Exchange has informed that the (One-to-One/ Virtual Meeting) Analysts/Institutional Investor meet(s) with Fair Value Capital to be held on December 5, 2022. The schedule of the aforesaid Conferences/meetings is subject to change and the change may happen due to exigencies on the part of institutional investors/Company. No unpublished price-sensitive information pertaining to the Company is proposed to be shared during the aforesaid meeting. The above information is also available on the website of the Company: www.iexindia.com.
The above information is a part of company’s filings submitted to BSE.
The overall volume reduced 16% YoY, as the corresponding month last year had exceptionally high REC volumes of 24.4 lakh to fulfil the pent-up demand caused by a 16-month gap of trading
Indian Energy Exchange is currently trading at Rs. 151.20, up by 1.00 points or 0.67% from its previous closing of Rs. 150.20 on the BSE.
The scrip opened at Rs. 150.25 and has touched a high and low of Rs. 152.30 and Rs. 150.10 respectively. So far 510980 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 304.05 on 10-Dec-2021 and a 52 week low of Rs. 133.95 on 25-Oct-2022.
Last one week high and low of the scrip stood at Rs. 151.30 and Rs. 146.45 respectively. The current market cap of the company is Rs. 13578.90 crore.
The Institutions and Non-Institutions held 38.18% and 61.82% stake in the company.
Indian Energy Exchange (IEX) has achieved 7764 MU total volume traded in November 2022, including Green Power trade of 354 MU, and 3.72 lakh RECs (equivalent to 372 MU). The total electricity volume traded on the Exchange in November 2022 was 7392 MU, an increase of 9% on year-on-year (YoY). However, the overall volume reduced 16% YoY, as the corresponding month last year had exceptionally high REC volumes of 24.4 lakh to fulfil the pent-up demand caused by a 16-month gap of trading.
Improving coal inventory and onset of winters will lead to further price correction on the Exchange, providing cost optimisation opportunities to Discoms and Open Access consumers. According to the power demand data published by the National Load Dispatch Center, the energy consumption stood at 113 BU during November 2022, increasing 13% on YoY basis.
IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.
Indian Energy Exchange has informed that it enclosed the Press Release on ‘Indian Energy Exchange becomes India’s First Carbon Neutral Power Exchange’. The above information will also be made available on the website of the Company: www.iexindia.com
The above information is a part of company’s filings submitted to BSE.
The Company has been incorporated to establish and operate a platform for the trading of various types of green products
Indian Energy Exchange is currently trading at Rs. 138.50, up by 1.95 points or 1.43% from its previous closing of Rs. 136.55 on the BSE.
The scrip opened at Rs. 138.55 and has touched a high and low of Rs. 139.25 and Rs. 136.75 respectively. So far 127471 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 271.95 on 13-Jan-2022 and a 52 week low of Rs. 129.25 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 145.70 and Rs. 129.25 respectively. The current market cap of the company is Rs. 12460.05 crore.
The Institutions and Non-Institutions held 38.18% and 61.82% stake in the company.
Indian Energy Exchange (IEX) has incorporated a wholly owned subsidiary company in the name of International Carbon Exchange on December 27, 2022.
The Company has been incorporated to establish and operate a platform for the trading of various types of green products including all other forms/types of carbon credits and certificates and various emission reduction products and other instruments and derivatives thereof, in ready, forward and futures markets in whole of India and outside India.
IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.
Indian Energy Exchange has informed that the Analysts/ Institutional Investor meet(s) with Goldman Sachs (India) Securities to be held on February 02, 2023 in Noida in the form of One to One. The schedule of the aforesaid Conferences/meetings is subject to change. The change may happen due to exigencies on the part of institutional investors/company. No unpublished price-sensitive information pertaining to the Company is proposed to be shared during the aforesaid meeting. The above information will also be made available on the website of the Company: www.iexindia.com.
The above information is a part of company’s filings submitted to BSE.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Indian Energy Exchange has informed that it attached transcript of the earnings conference call held with analysts and investors on January 23, 2023, at 02:30 pm (IST) to discuss the financial results of the Company for the quarter ended December 31, 2022. The above information will also be made available on the website of the Company: www.iexindia.com.
The above information is a part of company’s filings submitted to BSE.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Indian Energy Exchange has informed that it enclosed schedule of Analysts/Institutional Investor meet(s). The schedule of the aforesaid Conferences/meetings is subject to change and the change may happen due to exigencies on the part of institutional investors/company. No unpublished price-sensitive information pertaining to the Company is proposed to be shared during the aforesaid meeting. The above information will also be made available on the website of the Company: www.iexindia.com.
The above information is a part of company’s filings submitted to BSE.
Quarterly Results
Quarterly Results
Final Dividend & Audited Results
Rs.1.0000 per share(100%)Interim Dividend
Quarterly Results & Interim Dividend
Bonus Issue Inter alia, approved: Recommended the Bonus Issue of Equity Shares in the proportion of 2 (Two) Equity Share of Rs. 1/- each for every 1 (One) existing Equity Shares of Rs. 1/- each held by the shareholders of the Company as on the record date, subject to the approval of shareholders through Postal Ballot i.e. in compliance with the applicable laws.
Bonus issue & Quarterly Results
Bonus issue & Quarterly Results
Rs.1.5000 per share(150%)Final Dividend
Final Dividend & Quarterly Results
The total volume in August 2022 was lower by 18% on Year-on-Year basis
Indian Energy Exchange (IEX) has achieved 7805 MU volume in August 2022, registering a 9% month-on-month (MoM) growth. This comprised 6517 MU in the conventional power market, 437 MU in the Green Power Market, and 851 MU in the REC Market. The total volume in August 2022 was lower by 18% on Year-on-Year (YoY) basis. The average clearing price in Day Ahead market increased 2% (YoY), from Rs 5.06 per unit in August 2021 to Rs 5.17 in August 2022. The supply side constraints continued due to high prices of imported coal, fuel shortage and increased e-auction prices.
IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.
The supply side constraints continued because of high prices of e- auction coal, imported coal and gas
Indian Energy Exchange (IEX) has achieved 8160 MU volume in September 2022, registering a 5% month-on-month (MoM) growth. This included 7118 MU in the conventional power market, 454 MU in the Green Power Market, and 588 MU in the REC Market.
The supply side constraints continued because of high prices of e- auction coal, imported coal and gas. This led to the average clearing price in the Day-ahead market rising to Rs. 5.63 in September, which was 9% higher on MoM basis and 28% higher on YoY.
The total volume in September 2022 has lower by 8% on YoY basis while in the second quarter of the fiscal year 2023, the Exchange Market registered 23,115 MU volume, which has lower by 11% YoY across market segments. Cumulatively, the total volume traded in H1 FY2023 marginally declined by 1% over H1 FY22.
IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.
The energy consumption at 115 Billing Unit during October 2022, increased 1% on YoY basis, however it declined 10% on MoM basis
Indian Energy Exchange (IEX) has achieved 7972 Meter Unit (MU) volume in October 2022, including Green Power trade of 403 MU, and 3.58 lac RECs (equivalent to 358 MU). The total volume on the Exchange in October 2022 was lower by 13% on Year-on-Year (YoY) basis due to high volume base of last year, and lower by 2% on Month-on- Month (MoM) basis due to reduced REC trading.
Improved supply of domestic coal led to easing of supply side constraints, resulting in decline of prices on IEX. The average clearing price in the Day-ahead market was Rs 3.83 in October, which was lower by 32% on MoM basis and 52% on YoY basis. Going forward, further correction in prices due to improvement in coal availability and reduction in demand due to onset of winters, will provide opportunity for cost optimization by Discoms and Open Access consumers, resulting in increased volumes on the Exchange.
According to the power demand data published by the National Load Dispatch Center, the energy consumption at 115 Billing Unit during October 2022, increased 1% on YoY basis, however it declined 10% on MoM basis.
IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.
The overall volume reduced 16% YoY, as the corresponding month last year had exceptionally high REC volumes of 24.4 lakh to fulfil the pent-up demand caused by a 16-month gap of trading
Indian Energy Exchange (IEX) has achieved 7764 MU total volume traded in November 2022, including Green Power trade of 354 MU, and 3.72 lakh RECs (equivalent to 372 MU). The total electricity volume traded on the Exchange in November 2022 was 7392 MU, an increase of 9% on year-on-year (YoY). However, the overall volume reduced 16% YoY, as the corresponding month last year had exceptionally high REC volumes of 24.4 lakh to fulfil the pent-up demand caused by a 16-month gap of trading.
Improving coal inventory and onset of winters will lead to further price correction on the Exchange, providing cost optimisation opportunities to Discoms and Open Access consumers. According to the power demand data published by the National Load Dispatch Center, the energy consumption stood at 113 BU during November 2022, increasing 13% on YoY basis.
IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.
To reduce its carbon footprints, IEX voluntarily canceled CERs from clean projects registered under the Clean Development Mechanism of UNFCCC
Indian Energy Exchange (IEX) has become a Carbon Neutral Power Exchange. IEX is now India’s first carbon-neutral Power Exchange, using market based tradable instruments to offset its carbon emissions.
To reduce its carbon footprints, IEX voluntarily canceled CERs (certified emissions reductions) from clean projects registered under the Clean Development Mechanism of UNFCCC (United Nations Framework Convention on Climate Change) and used market-based tradable instruments. EKI Energy, India's leading pre-eminent global service provider in the sphere of Energy, Carbon Credit & Quality Management, was the sustainability partner by providing advisory & consultancy services in this climate action exercise.
IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.
The Company has been incorporated to establish and operate a platform for the trading of various types of green products
Indian Energy Exchange (IEX) has incorporated a wholly owned subsidiary company in the name of International Carbon Exchange on December 27, 2022.
The Company has been incorporated to establish and operate a platform for the trading of various types of green products including all other forms/types of carbon credits and certificates and various emission reduction products and other instruments and derivatives thereof, in ready, forward and futures markets in whole of India and outside India.
IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.
For the third quarter of the fiscal year 2023, IEX has recorded 24.2 BU volume
Indian Energy Exchange (IEX) has achieved 8452 MU total volume in December 2022, including Green Power trade of 377 MU, and 4.87 lakh RECs (equivalent to 487 MU). The total electricity volume on the Exchange in December 2022 was 7964 MU, an increase of 8% on MoM and 4% on YoY basis.
The overall volume on the Exchange in December 2022 increased by 9% on MoM basis. IEX had achieved 7764 MU total volume traded in November 2022. However, it declined by 7% on YoY basis due to high REC traded volumes of 13.85 lakh in the previous year. For the third quarter of the fiscal year 2023, IEX has recorded 24.2 BU volume and achieved 5% QoQ growth across all its market segments.
IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.
The company has received this global recognition in the ‘mid-size company’ category
Indian Energy Exchange (IEX) has been certified as a Great Place To Work in India for the year January 2023-24. IEX has received this global recognition in the ‘mid-size company’ category. Indian Energy Exchange is India’s first Great Place to Work Certified Power Exchange.
The certification is an acknowledgment of IEX’s commitment to encourage a high performance environment built on the value pillars of - Integrity, Trust and Respect, Customer-centricity, Teamwork and Excellence. These values are the driving force behind IEX’s constant endeavour to become a world-class organisation by fostering an inclusive, highly collaborative and open work culture for its people, led by technology and innovation.
IEX is India’s first and no 1 electricity exchange. It is a transparent, neutral, demutualised, nationwide, automated, online electricity trading platform. It enables efficient price discovery and price risk management for participants of the electricity market including industries eligible for open access through anonymous platform
The volume has been steadily increasing month-on-month since November 22
Indian Energy Exchange (IEX) has achieved 8639 MU total volume in January 2023, including Green Power trade of 347 MU, and 3.95 lakh RECs (Renewable Energy Certificate) (equivalent to 395 MU). The total electricity volume on the Exchange in January ’23 at 8245 MU saw an increase of 9% on year-on-year (YoY) and 4% on month-on-month (MoM) basis.
The overall volume on the Exchange during the month was 8639 MU, an increase of 2% on MoM basis. In January 23, the Exchange witnessed its highest volume in this fiscal year, due to improving supply side conditions, led by gradually increasing coal supply and easing e-auction coal prices. The volume has been steadily increasing month-on-month since November 22.
Improving coal inventory at its power plants due to the Government’s proactive initiatives, is likely to lower clearing price on the Exchange in the coming months. This will provide further cost optimization opportunities to Discoms and its Open Access consumers, resulting in higher volumes on the Exchange.
IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.
With this, IEX has so far acquired 40,23,659 of its shares through the medium
Indian Energy Exchange (IEX) has bought back 1,26,500 of its shares for Rs 143.79 as acquisition price per unit. With this, IEX has so far acquired 40,23,659 of its shares through the medium. Pre- acquisition, cumulative equity shares bought as on February 21, 2023 is 38,97,159.
IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.
IEX has received approval from CERC to launch the High Price Day Ahead Market in the integrated day ahead market segment
Indian Energy Exchange (IEX) has planned to launch the High Price Day Ahead Market segment by mid March, which will facilitate electricity generating firms to sell power at a price as high as Rs 50 per unit.
Earlier this month, the Central Electricity Regulatory Commission (CERC) allowed three categories of power generators to participate in the HP-DAM market -- gas-based generating stations using imported RLNG and naphtha, thermal plants using only imported coal, and Battery Energy Storage System (BESS) -- on the petition of IEX. IEX has received approval from CERC to launch the High Price Day Ahead Market (HP-DAM) in the integrated day ahead market (I-DAM) segment.
IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.
IEX resumed trading of Energy Saving Certificates on February 14, 2023, after a gap of 14 months
Indian Energy Exchange (IEX) has achieved 8200 MU total volume in February 2023, including Green Power trade of 341 MU, 3.74 lakh RECs (Renewable Energy Certificate) (equivalent to 374 MU) and 1.54 ESCerts (Energy Saving Certificates) (equivalent to 154 MU).
While the average daily volume traded on the Exchange increased in February 2023 by 5% month-on-month (MoM), the overall volume declined 5% MoM due to lesser trading days vis-a-vis the previous month. The electricity volume on the Exchange in February 2023 at 7673 MU, registered 6% decline on year-on-year (YoY) basis and 7% MoM basis. The overall volume on the Exchange during the month was 8200 MU, degrowth of 7% on YoY basis.
IEX resumed trading of Energy Saving Certificates on February 14, 2023, after a gap of 14 months. During the month, nearly 1.54 lakh ESCerts (equivalent to 154 MU) were traded on IEX, with 97% market share.
IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.
This will provide a new avenue to the high variable cost generators who may not have been able to participate in DAM due to the existing price ceiling of Rs 12/kWh
Indian Energy Exchange (IEX) has started trade in the High Price Day Ahead Market (HP - DAM) segment. The Central Electricity Regulatory Commission (CERC) in its order dated February 16, 2023, approved the introduction of HP-DAM in the Integrated Day Ahead Market segment in the Power Exchange. This will provide a new avenue to the high variable cost generators who may not have been able to participate in DAM due to the existing price ceiling of Rs12/kWh.
HP-DAM will enable high-cost generators, falling under the category - Gas based Power Plants using imported RLNG and Naphtha; Imported Coal based Power Plant using imported coal; and Battery Energy Storage Systems - to participate in the market. These generators will now be able to sell electricity on IEX platform, with a price range of ‘0’ to Rs 50/unit. This unique segment will bring such capacity on the spot markets in a high-demand scenario.
IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.