IEX Trade Volumes Rise In April-June, Prices Drop On Cooler Weather, Supply

Indian Energy Exchange Ltd. traded 10.85 billion units of electricity in June, up 6.5% on year. Volumes in April–June rose 15% on year to 32.38 billion units.

Renewable Energy Certificate trades surged 636% on year in June to 3.23 million. In the June quarter, REC volumes rose 149% on year to 5.27 million.

Average market-clearing price in the day-ahead market fell 28% on year in June to ₹3.90/unit. Real-time market price fell 26% to ₹3.73/unit. For the June quarter, IEX clocked an average day-ahead price dropped 16% to ₹4.41/unit, while real-time price slipped 20% to ₹3.91/unit.

Widespread rain and an early monsoon kept demand muted and boosted hydro and wind supply, pulling prices lower. India’s power consumption in June Quarter r fell 1.5% on year to 150.04 billion units.

The green market segment traded 964 million units in June, up 30% on year. In April–June, green volumes rose 51% on year to 2.66 billion units.
Next REC trading sessions are on July 9 and July 30.