IEX trade volume soars 56% in July

New Delhi: Indian Energy Exchange on Monday said it has achieved the highest-ever total trade volume of 13,250 million units (MU) in July 2024, registering an increase of 56 per cent year-over-year. The total trade volume includes renewable energy certificates and energy-saving certificates as per an Indian Energy Exchange (IEX) statement. Electricity volumes reached 10,093 MU, marking an increase of 29 per cent year-over-year.

Renewable Energy Certificates (REC) saw a surge, with volumes hitting 3,150 MU, a rise of 405 per cent year-over-year, the company said. Green electricity volume grew 259 per cent at 1 BU (billion units) during the month under review. At Rs 120 per certificate, the REC market recorded an all-time low price in the trading session held on 31 July 2024. These prices provide an opportunity for entities (DISCOMS and Captive Power Producers) to meet their renewable purchase obligations, and for voluntary customers to meet their sustainability aspirations.