The second quarter initially saw a slump in manufacturing due to re-lockdowns in a few states The real-time electricity market (RTM), launched on June 01, 2020, also continued to witness robust volume and traded 2,350 MU in Q2FY21 Indian Energy Exchange (IEX) on Wednesday said it has recorded a 13.2 per cent rise in electricity […]
Energy exchanges seek reopening of green certificate trading as APTEL looks into floor price issue
New Delhi: Energy exchanges IEX and PXIL have made a case for reopening the trading of renewable energy certificate (REC), saying the market closure is impacting the entire value chain in the electricity marketplace. The Indian Energy Exchange (IEX) and Power Exchange India (PXIL) are of the view that issues related to fixing floor and […]
IEX provides power market update for June 2020
The electricity market at the Indian Energy Exchange witnessed a total trade of 4790 MU in June ’20 recording a 5% YoY increase, despite the national peak demand registering a 10% YoY decline during the month. Increased economic activity and easing of the lockdown restrictions in most parts of the country coupled with peaking summers […]
SC’s action may clear way for electricity futures in India
After years of delays, India may soon open a derivatives market for the power sector allowing both power generators and consumers to enter into futures contracts and use it as a new hedging tool to mitigate price volatility and other associated risks. New Delhi: After years of delays, India may soon open a derivatives market […]
Average power price in real time market 13 paise lower at Rs 2.22 per unit in June
IEX in a statement said RTM has accomplished volume of 515.46 MU ( million units) in June 2020. According to the statement, RTM saw a substantial sell-side liquidity at 1,810 MU – 2.4 times of the buy volumes at 742 MU -and competitive price discovery New Delhi: The average spot power price in the real […]
Real-time power market will be ideal in dealing with variability and sudden demand surge: Rohit Bajaj, IEX
We had intraday market available but that is about two-and-a-half hour in advance, during which many things are not clear – demand, weather pattern and availability of own resources, said Bajaj New Delhi: The 15-minute power trading window that will be available for companies engaging in spot electricity trade at the Indian Energy Exchange (IEX) […]
Covid-19 lockdown impact: Power demand drops as offices stay plugged out
The price discovered on the IEX Day Ahead Market for delivery on Wednesday was at ₹1.95 per unit. The spot power price hit a low of ₹1.90 per unit in June 2017 due to excessive rainfall. Sources said the closure of offices and factories, reduced buying by state distribution utilities and the Indian Railways stopping […]
IEX firms up after Feb business update
Indian Energy Exchange rose 2.53% to Rs 187.30 after the company issued business update for February 2020. The electricity market at IEX recorded a trade of 4,516 million units (MU) in the month of February 2020. The market witnessed a 57% year-on-year growth on the back of increase in traded volumes. The company in an […]
IEX electricity market trades 3,825 MU in November, up 7 pc y-o-y
Spot Power Price Falls 20% In November
Average spot power price fell 20 percent to Rs 2.85 per unit in November as compared to the year-ago month, the Indian Energy Exchange said on Thursday. The average spot price or market price of electricity in November 2018 was 3.58 a unit, IEX said in a statement. “The day-ahead market traded 3,389 million units […]