Magazine

Last edition
January-February 2025

Home › Business ›IEX Achieves 9 percent Growth in February 2025, Trades 16.37 Lakh RE Certificates

IEX Achieves 9 percent Growth in February 2025, Trades 16.37 Lakh RE Certificates

March 04, 2025. By News Bureau

Indian Energy Exchange, India’s premier electricity exchange, achieved monthly electricity traded volume of 9,622 MU in Febraury’25, marking a 9 percent increase on year-on-year basis. A total of 16.37 lakh Renewable Energy Certificates were traded during the month, marking a 167 percent year on year increase.

According to government data published in February '25, the country's energy consumption reached 131.5 BUs. Average daily energy consumption in February’25 increased by 7 percent as compared to average daily energy consumption in February’24. India experienced milder winters and an unusually warm February, leading to a steady rise in power demand across most regions. Notably, on 07^th February 2025, peak power demand reached 238 GW, compared to maximum peak power demand of 222 GW on 23^rd February 2024.

Despite the surge in demand, prices on power exchanges were lower compared to previous year, owing to higher supply side liquidity in the DAM segment. The Market Clearing Price in the Day Ahead Market at INR 4.38/unit during February’25, declined 11 percent YoY. These prices presented an opportunity for Discoms and Commercial & Industrial consumers to meet their demand at a competitive price.

The Day-Ahead Market (DAM) achieved 5,369 MU volume in February’25 as compared to 4,722 MU volume in February’24, an increase of 14 percent YoY.

The Real-Time Electricity Market (RTM) volume increased to 2,887 MU in February ‘25, from 2,340 MU in February'24, registering an increase of 23 percent YoY.

Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 814 MU during February ’25, lower by 45 percent on YoY basis.

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 552 MU volume during February’25 as compared to 298 MU in February’24, registering an increase of 85 percent YoY.

The Green Day-Ahead Market (G-DAM) achieved 519 MU volume during February’25 with a weighted average price of INR 4.59 per unit, as compared to 266 MU in February’24, registering an increase of 95 percent YoY.

The Green Term-Ahead Market (G-TAM) achieved 33 MU volume during February’25 with average monthly price of Non-Solar-INR 3.88/unit as compared to 32MU in February’24, an increase of 3 percent YoY.

A total of 16.37 lakh RECs were traded in the trading sessions held on 12^th February’25 and 27^th February’25, at a clearing price of INR 350/REC and INR 349/REC respectively. REC traded volume in February’25 increased by 167 percent on YoY basis.

The next REC trading sessions at the Exchange are scheduled on 12^th March’25 and 26^th March’25.

Tags:

Business

Indian Energy Exchange

IEX

REC traded volume

Renewable Energy Certificates

Energy consumption

Power demand

Electricity exchange