IEX reports 24.7% growth in June electricity volume as India's energy consumption rises

The Indian Energy Exchange (IEX) on Tuesday (July 2) reported robust growth in electricity trading volumes for June 2024, marking a significant year-on-year (YoY) increase of 24.7%.

NSE

The exchange achieved an electricity volume of 10,185 MU for the month, with the total volume, including certificates, reaching 10,677 MU, up by 19.4% compared to the previous year.

For the first quarter of fiscal year 2025, IEX recorded an electricity volume of 28,178 MU, rising 19% year-on-year. The total volume for the quarter, including certificates, stood at 30,354 MU, marking a growth of 20.8% over Q1 of FY24.

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The growth in electricity volumes at IEX comes amidst a broader increase in the country's energy consumption, which rose by 8.9% YoY, according to government data published in June 2024.

In specific market segments, the day-ahead market (DAM) saw a notable increase, reaching 4,849 MU in June 2024, up 18.2% from the same period last year.

Similarly, the real-time electricity market (RTM) volume rose by 20.1% YoY to 3,213 MU in June 2024. For the first quarter of FY25, DAM registered total volumes of 13,336 MU, a slight increase of 6.7% over Q1 of FY24, while RTM volumes grew by 26.8% year-on-year to 9,193 MU.

The day-ahead contingency and term-ahead market (TAM), encompassing contingency, daily, weekly, and monthly contracts, traded 1,378 MU in June 2024, marking a 23.3% increase year-on-year. The total volume for the segment in the first quarter was 3,875 MU, a growth of 28.4% over Q1 of FY24.

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Shares of Indian Energy Exchange Ltd ended at ₹185, down by ₹4.25, or 2.25%, on the BSE.