Follow India Renewable Energy News on WhatsApp for exclusive updates on clean energy news and insights

Indian Energy Exchange Records Highest Monthly Power Trading in December 2024

The Indian Energy Exchange (IEX) achieved a significant milestone in December 2024, recording its highest-ever monthly electricity traded volume of 11,132 Million Units (MU). This impressive achievement represents a 29% increase compared to December 2023.

IEX witnessed a significant rise in electricity trading, marking a 19% increase for the first nine months of the fiscal year 2025 (April-December 2024) compared to the same period in the previous year. The exchange also facilitated a substantial increase in renewable energy certificate (REC) trading. In December 2024, IEX traded 16.62 lakh RECs, reflecting a 58% year-on-year growth.

Data from December 2024 indicates a rise in the country's overall energy consumption. However, the Day-Ahead Market (DAM) segment at IEX witnessed a robust increase in supply, leading to price moderation. The Market Clearing Price in the DAM for December 2024 was Rs 3.89/unit, a 14?crease compared to December 2023. This price drop presented an opportunity for consumers to procure electricity at a more economical rate.

Market Segment Performance:

• Day-Ahead Market (DAM): The DAM segment, where electricity is traded a day in advance for delivery the next day, saw a remarkable growth of 39% in December 2024 compared to December 2023. The DAM volume for Q3FY25 (October-December 2024) also witnessed a 14% increase year-on-year.
• Real-Time Electricity Market (RTM): The RTM segment, which facilitates trading of electricity closer to real-time, registered a 32% year-on-year increase in volume in December 2024. The RTM volume for Q3FY25 also displayed a 30% growth compared to Q3FY24.
• Day Ahead Contingency and Term-Ahead Market (TAM): The TAM segment, which caters to contingency situations and short-term contracts, witnessed a decline in volume for December 2024 compared to December 2023. However, the overall TAM volume for Q3FY25 remained positive with a 49?crease year-on-year.

Renewable Energy Certificates (RECs):

• IEX facilitated a significant increase in REC trading in December 2024, with a total volume of 16.62 lakh RECs traded. This represents a 58% year-on-year growth.
• The total REC volume for Q3FY25 also displayed a positive trend, with a 31% increase compared to Q3FY24.

IEX's performance in December 2024 and Q3FY25 reflects a robust and growing Indian power market. The increasing adoption of renewable energy and the availability of ample supply are positive signs for the sector.