Traded Power Prices Drop 30% YOY At IEX To Rs 4.74/unit In May Updated On Tue, Jun 6th, 2023 by Saurenergy In a good sign for India’s summer months, power trading prices at the largest power exchange in the country, IEX, dropped 30% YOY to Rs 4.74/unit in May. During the month, the exchange enabled 8,251 MU (million units) of power trades. The green market trades at 358 MU, 1.42 lac Renewable energy certificates (RECs equivalent […] Read more
Power Exchange Prices Likely To Remain Competitive For Next 10 Months: IEX Updated On Fri, Jun 2nd, 2023 by Saurenergy The Indian Energy Exchange (IEX) claimed that with the global fuel prices coming down and other favourable conditions, the clearing prices in Indian power exchanges are likely to remain competitive for the next few months, unlike 2022-23. SN Goel, Chairman, and Managing Director of IEX, claimed that the trend would likely prevail for the next […] Read more
IEX Dividend At Rs 1 per Share; Net Profit At Rs 88 Cr Updated On Fri, May 26th, 2023 by Saurenergy Trading platform for physical delivery of electricity, renewable power, renewable energy certificates, and energy saving certificates, Indian Energy Exchange (IEX) has announced its financial results for the fourth quarter (Q4) and the year ended March 31, 2023 (FY23). During Q4 FY’23, IEX achieved an overall volume of 26 Billion Units (BUs), registering a 7.9% QoQ growth. In […] Read more
CERC Approves PXIL’s Plan To Introduce High Price Day-Ahead Market (HP-DAM) Updated On Tue, Apr 11th, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its order on a petition filed by the Power Exchange India Limited (PXIL) on Tuesday, approved its demand for the introduction of the High Price Day Ahead Market (HP-DAM). PXIL had earlier sought approval from the CERC to introduce the HP-DAM on PXIL’s PRATYAY Platform. CERC first heard […] Read more
IEX achieved 9,212 MU of overall volume in March 2023, Power Prices Average Rs 5.25/Unit Updated On Tue, Apr 4th, 2023 by Saurenergy The Indian Energy Exchange (IEX) on Tuesday claimed that it achieved 9,212 Million Units (MU) of overall volume in March 2023. It included green market trade of 391 MU, 8.69 lakh Renewable Energy Certificates (REC), equivalent to 869 MU, and 22,881 ESCerts (equal to 23 MU). The power exchange claimed that its overall volume during […] Read more
High Priced Power Portal Launched Formally To Tackle Summer Peaks Updated On Fri, Mar 10th, 2023 by Saurenergy As reported earlier by SaurEnergy, the formal start of the high priced power regime has been started to combat the summer peaks in power supply. For the record, India’s February power demand was an all time high. Launching the High Price Day Ahead Market and Surplus Power Portal (PUShP) – an initiative to ensure greater […] Read more
IEX Gets CERC Approval For High Price Day Ahead Market (HPDAM) Trading Updated On Fri, Feb 17th, 2023 by Saurenergy In an interesting development that will benefit the high variable cost generators to participate in the power trading market, the Indian Energy Exchange (IEX) has got final approval from the Central Electricity Regulatory Commission (CERC) to introduce trading in High Price Day Ahead Market (HP-DAM) contracts. The move, and approval by the CERC was necessitated […] Read more
IEX Power Market Update for Jan ’23: IEX Clocks In Fiscal’s Highest Monthly Vol of 8639 MU Updated On Tue, Feb 7th, 2023 by Saurenergy The Indian Energy Exchange (IEX), India’s premier energy exchange, achieved 8639 MU cumulative volume in January 2023. This is inclusive of Green Power trade worth 347 MU, and 3.95 lac RECs (equivalent to 395 MU). IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and […] Read more
IEX Establishes Fully-Owned Subsidiary to Explore Carbon Market Updated On Wed, Dec 28th, 2022 by Saurenergy International Carbon Exchange Private Limited (“ICX”), a wholly-owned subsidiary of Indian Energy Exchange (IEX), the country’s leading energy market platform, was established recently to investigate the commercial potential in the voluntary carbon market. Through its platform, ICX will make it possible for participants to purchase and sell voluntary carbon credits at reasonable prices and will […] Read more
