Dated: August 05, 2024 | |
The Manager | The Manager |
BSE Limited | National Stock Exchange of India Ltd |
Corporate Relationship Department | Listing Department |
Phiroze Jeejeebhoy Towers | Exchange Plaza, 5th Floor, Plot No. C/1 |
Dalal Street | G Block, Bandra Kurla Complex |
Mumbai- 400001 | Bandra (E), Mumbai-400 051 |
Scrip Code: 540750 | Symbol: IEX |
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Submission of Media Release on IEX Power Market Update, July'24
Dear Sir / Madam,
With reference to the above captioned subject, please find enclosed herewith the Media Release for Indian Energy Exchange Limited on 'IEX POWER MARKET
UPDATE, JULY'24.
The above information will also be made available on the website of the Company: www.iexindia.com
You are requested to take the above information on record.
Thanking You.
Yours faithfully,
For Indian Energy Exchange Limited
VINEET HARLALKA
Digitally signed by
VINEET HARLALKA Date: 2024.08.05 06:57:50 +05'30'
Vineet Harlalka
CFO, Company Secretary & Compliance Officer
Membership No. ACS-16264
Encl: as above
Indian Energy Exchange Ltd
Registered Office: C/o Avanta Business Centre, First Floor, Unit No. 1.14(a), D2, Southern Park, District Centre, Saket, New Delhi-110017, India
Corporate Office: 9th Floor, Max Towers, Sector 16B, Noida, Uttar Pradesh-201301 , India
Tel: +91-011-3044 6511 | Tel: +91-120-4648 100 | Fax No.: +91-120-4648 115
CIN: L74999DL2007PLC277039 | Website: www.iexindia.com
MEDIA RELEASE: IEX POWER MARKET UPDATE, JULY'24
- IEX ACHIEVES HIGHEST EVER MONTHLY TRADED VOLUME IN JULY 2024 OF 13.3 BU WITH AN INCREASE OF 56% YOY
- RECORD REC VOLUMES AT 3.2 BU, UP 405% YOY
- HIGHEST MONTHLY GREEN ELECTRICITY VOLUMES AT ~1 BU, UP 259% YOY
New Delhi, 05 August 2024: Indian Energy Exchange, India's premier electricity exchange, achieved the highest ever total volume (including certificates) of 13,250 MU in July 2024, marking a ~56% year-over-year increase. The electricity volume at 10,093 MU, increased 29% YoY. Green electricity volume during the month at 1 BU, grew 259% YoY.
The renewable energy certificates (REC) at 3,150 MU, increased 405% YoY. At Rs. 120 per certificate, the REC market recorded an all-time low price in the trading session held on 31st July 2024. These prices provide an opportunity to obligated entities (DISCOMS and Captive Power Producers) to meet their Renewable Purchase Obligations, and voluntary customers to meet their sustainability aspirations.
According to government data published in July 2024, the country's energy consumption reached 145.4 BUs, representing ~4% increase year-on-year.
ELECTRICITY MARKET: DAY- AHEAD, TERM- AHEAD & REAL-TIME MARKET
The Day-Ahead Market (DAM) volume increased to 5,056 MU in July'24, from 3976 MU in July'23, registering an increase of 27% YoY.
The Real-Time Electricity Market (RTM) volume increased to 3,334 MU in July '24, from 2540 MU in July'23, registering an increase of 31% YoY.
Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 712 MU during July'24.
GREEN MARKET: GREEN DAY-AHEAD & GREEN TERM-AHEAD MARKET
IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 989.6 MU volume during July'24 as compared to 275.4 MU in July'23, registering an increase of 259% YoY. Weighted average price of G-DAM market was Rs 4.34 per unit.
IEX G-DAM cleared volume recorded an all-time high of 50 MU on July 28th.
Indian Energy Exchange Ltd
Registered Office: C/o Avanta Business Centre, First Floor, Unit No. 1.14(a), D2, Southern Park, District Centre, Saket, New Delhi-110017, India
Corporate Office: 9th Floor, Max Towers, Sector 16B, Noida, Uttar Pradesh-201301 , India
Tel: +91-011-3044 6596 | Tel: +91-120-4648 100 | Fax No.: +91-120-4648 115
CIN: L74999DL2007PLC277039 | Website: www.iexindia.com
RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET)
A total of 31.50 lac RECs (equivalent to 3,150 MU) were traded in the trading sessions held on 10th July'24 and 31st July'24, at a clearing price of Rs. 128/REC and Rs. 120/REC respectively.
The next REC trading sessions at the Exchange are scheduled on 14th August'24 and 28th August'24.
ENERGY SAVING CERTIFICATES (ESCERTS)
During July'24, 7,000 ESCerts (equivalent to 7 MU) were traded on IEX, at the floor price of Rs. 2,165 per ESCert.
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INDIAN ENERGY EXCHANGE LIMITED
IEX is India's premier electricity exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates. The exchange platform enables efficient price discovery and increases the accessibility and transparency of the energy market in India while also enhancing the speed and efficiency of trade execution. The Exchange is ISO Certified for quality management, Information security management and environment management since August 2016. The Exchange is a publicly listed company with NSE and BSE since October 2017 and is approved and regulated by Central Electricity Regulatory Commission since 27 June 2008. For further details, log on to: www.iexindia.com
Ms. Aparna Garg
Head - Corporate Communications
Telephone: +91-9958274392
Email: aparna.garg@iexindia.com
Mr Ishank Garg
Adfactors PR Pvt Ltd
Telephone: +91 9711035025
Email: Ishank.garg@adfactorspr.com
Indian Energy Exchange Ltd
Registered Office: C/o Avanta Business Centre, First Floor, Unit No. 1.14(a), D2, Southern Park, District Centre, Saket, New Delhi-110017, India
Corporate Office: 9th Floor, Max Towers, Sector 16B, Noida, Uttar Pradesh-201301 , India
Tel: +91-011-3044 6596 | Tel: +91-120-4648 100 | Fax No.: +91-120-4648 115
CIN: L74999DL2007PLC277039 | Website: www.iexindia.com