IEX Sees Significant Surge in Electricity Volumes in June 2024
03 Jul 2024
2 Min Read
CW Team
The Indian Energy Exchange (IEX) reported a substantial 24.7 percent increase in electricity volumes for June 2024, with total volumes reaching 10,185 million units (MU). Including certificates, the monthly volume rose to 10,677 MU, marking a 19.4 percent year-on-year growth.
In the first quarter of fiscal year 2025, IEX achieved a total electricity volume of 28,178 MU, reflecting a 19 percent increase from the previous year. When including certificates, the overall volume for the quarter reached 30,354 MU, showcasing a 20.8 percent growth compared to the first quarter of FY2024.
Amidst hot weather conditions driving up electricity demand, India?s energy consumption for the quarter stood at 452 billion units (BUs), up by 11.2 percent from the same period last year. The country's peak demand during the quarter reached a record high of 250 gigawatts (GW), surpassing the previous high of 243 GW set in September of last year.
The Day Ahead Market (DAM) recorded a volume of 4,849 MU in June 2024, an 18.2 percent increase from June 2023. The Real-Time Electricity Market (RTM) saw a volume of 3,213 MU, up 20.1 percent year-on-year. The Green Day-Ahead Market (G-DAM) reported a significant volume of 680 MU at a weighted average price of Rs 4.14 per unit, a staggering 309.5 percent increase compared to June 2023. Additionally, the Green Term-Ahead Market (G-TAM) traded 64 MU at an average monthly price of Rs. 8.88 per unit for non-solar energy.
Renewable Energy Certificates (RECs) trading also saw notable activity, with a total of 4.39 lakh RECs traded in June at prices of Rs 150 and Rs 140 per REC, marking the lowest prices discovered since the inception of REC trading.
The Indian Energy Exchange (IEX) reported a substantial 24.7 percent increase in electricity volumes for June 2024, with total volumes reaching 10,185 million units (MU). Including certificates, the monthly volume rose to 10,677 MU, marking a 19.4 percent year-on-year growth.
In the first quarter of fiscal year 2025, IEX achieved a total electricity volume of 28,178 MU, reflecting a 19 percent increase from the previous year. When including certificates, the overall volume for the quarter reached 30,354 MU, showcasing a 20.8 percent growth compared to the first quarter of FY2024.
Amidst hot weather conditions driving up electricity demand, India?s energy consumption for the quarter stood at 452 billion units (BUs), up by 11.2 percent from the same period last year. The country's peak demand during the quarter reached a record high of 250 gigawatts (GW), surpassing the previous high of 243 GW set in September of last year.
The Day Ahead Market (DAM) recorded a volume of 4,849 MU in June 2024, an 18.2 percent increase from June 2023. The Real-Time Electricity Market (RTM) saw a volume of 3,213 MU, up 20.1 percent year-on-year. The Green Day-Ahead Market (G-DAM) reported a significant volume of 680 MU at a weighted average price of Rs 4.14 per unit, a staggering 309.5 percent increase compared to June 2023. Additionally, the Green Term-Ahead Market (G-TAM) traded 64 MU at an average monthly price of Rs. 8.88 per unit for non-solar energy.
Renewable Energy Certificates (RECs) trading also saw notable activity, with a total of 4.39 lakh RECs traded in June at prices of Rs 150 and Rs 140 per REC, marking the lowest prices discovered since the inception of REC trading.
Next Story
Mumbai-Ahmedabad Bullet Train Set to Launch by 2028
India鈥檚 first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India鈥檚 infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..
Next Story
Mumbai-Gandhinagar Train Service Enhances Passenger Capacity
The Mumbai Central鈥揋andhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India鈥檚 busiest business corridors. This upgrade, effective from 11 May, raised the train鈥檚 seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai鈥揂hmedabad鈥揋andhinagar route, which regularly operates at over 150 percent seat occupancy...
Next Story
Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently
Delhi鈥檚 ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river鈥檚 health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..
