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IEX Records Highest Trade Volume of 22.42 BU in March Quarter

IEX Records Highest Trade Volume of 22.42 BU in March Quarter


The Indian Energy Exchange (IEX) noted the highest power trade volume or sales of 22.42 billion units (BU) in the Q4FY’21 which ended on March 31, 2021 highest-ever year-on-year growth of 62.1 per cent. IEX said in a statement that last year in January- March quarter, power trade volume was recorded to be 13.88 BU.

Since 2008, fiscal 2021 saw the highest-ever yearly volume of 73.9 BU traded at the IEX. This resulted in 37.3 per cent year-on-year growth. In 2019-20, the power trade volume was 53.86 BU.

According to a statement the growth was driven by the competitive power prices, growing consumption of electricity, availability of adequate domestic coal and commencement of new market segments like real-time market and the green market.

The day-ahead market saw an average market clearing price of Rs 2.82 per unit in the fiscal year 2021 which is about six per cent lower than the price of last year.

It further said that low power prices and ample sell-side liquidity through the year helped the distribution utilities and industrial consumers to optimize their power procurement and maintain good financial liquidity amidst the COVID crisis.

The real-time electricity market received an incredible response from the market participants. The market crossed the 1-BU benchmark for four consecutive months (from December 2020 to March 2021).

The market traded 3,766 MU in Q4FY’21. The real-time electricity market started trading on June 1, 2020. Since then, the market traded 9,468 MU till March 31 this year.

The green term which started trading on August 21, 2020 has cumulatively traded 785 MU. On May 13, 2021 IEX posted over a 33 per cent rise in its consolidated net profit at Rs 60.85 crore in the March 2021 quarter, mainly on the back of higher revenues.

The company’s consolidated net profit stood at Rs 45.61 crore in Q4FY’21 and its total income rose to Rs 100.33 crore in the quarter from Rs 79.59 crore. The firm’s consolidated net profit rose to Rs 205.43 crore in the full fiscal 2020-21. The total income recorded an increase to Rs 356.23 crore in 2020-21 from Rs 297.40 crore in 2019-20.

Anand Gupta Editor - EQ Int'l Media Network