India, June 7 -- Indian Energy Exchange (IEX) has achieved 7596 MU of electricity volume in May 2022 comprising 6680 MU in the conventional power market, 642 MU in the green power market, and 275 MU (2.75 lac Certificates) in the REC Market, registering 16% YoY growth across all the market segments.
Owing to the various timely measures undertaken by the Government to address the supply side constraints, and increased renewable (44% YoY increase) and hydropower generation (8% YoY increase), the day-ahead power market at IEX saw significant correction in the prices which reduced from Rs 10.06 per unit in April 2022 to Rs 6.76 per unit in May 2022.
IEX is India's first and no 1 electricity exchange. It is a transparent, neutral, demutualised, nationwide, automated, online electricity trading platform. It enables efficient price discovery and price risk management for participants of the electricity market including industries eligible for open access through anonymous platform. Published by HT Digital Content Services with permission from Accord Fintech. For any query with respect to this article or any other content requirement, please contact Editor at email@example.com