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 […]
IEX Likely To Launch Renewable Energy Contracts Next Year
Electricity trading platform Indian Energy Exchange Ltd. hopes to begin trading renewable energy contracts from early next year, a top company official said. The IEX is an electronic system based power trading exchange regulated by the Central Electricity Regulatory Commission and started its operations in June 2008 and currently has 4,500 producers on its platform. […]
June spot power price dips 11% to Rs 3.32/unit
New Delhi: Average spot power price fell 11 per cent to Rs 3.32 per unit in June compared to the year-ago month, the Indian Energy Exchange (IEX) said Monday. With trading of 4,207 million units (MU) of electricity, the volume in the day-ahead-market (DAM) grew 12 per cent month-on-month. As compared to June 2018, the […]
Stock corner: ‘Buy’ on India Energy Exchange, target price Rs 215
DAM+TAM (short-term market) accounts for ~85% of IEX’s revenues. India Energy Exchange’s (IEX) 4QFY19 EBITDA came in above expectations, as impact of higher exchange charges on renewable energy certificates i.e. REC reflected. This offset the 9% Y-o-Y decline in core volumes. Near-term tepid volumes should not be extrapolated given the regulatory push for market determined […]
Green Certificates sales down 22 pc in 2018-19
Sales of renewable energy certificates declined over 22 per cent to 1.25 crore units this fiscal on IEX and PXIL as compered to 1.61 crore in 2017-18, mainly due to lower inventory (supply), according to official data. In March, sales of RECs or green certificates declined by over 51 per cent to 11.78 lakh from […]