Indian Energy Exchange logs 8267 MU volume in June 2022; stock skids ~3%

Indian Energy Exchange recorded 8267 MU quantity in June’22, with 7058 MU within the standard energy market, 536 MU within the Inexperienced Energy Market, and 673 MU (6.73 lac Certificates) within the REC Market, representing a 17% yoy development within the quantity throughout all market segments.

Costs within the Day-Forward market fell to Rs6.49 per unit in June 22 from Rs6.76 in Might 22, on the again of improved supply-side availability.

In accordance with the Nationwide Load Dispatch Heart’s energy demand information, throughout June 22, power consumption stands at 134 BU elevated by 17% yoy on a excessive base, whereas the nationwide peak demand was at 212 GW rising by 11% yoy.

IEX achieved 23,437 MU quantity throughout all segments within the first quarter of the fiscal 12 months 2023, representing a ten% yoy development.

The Electrical energy Day-Forward market throughout the month, recorded market quantity at 4085 MU decreased by 5% yoy whereas rising by 29% MoM. In June, the common market clearing value was Rs6.49 per unit.

The Electrical energy Day-Forward market traded 759 MU throughout the month, registering a development of 18% yoy.

The Actual-time Electrical energy Market achieved development of 28% yoy at 2214 MU quantity throughout the month.

The Inexperienced Day-Forward Market achieved 362 MU quantity throughout the month. Whereas Inexperienced Time period-Forward Market recorded 173 MU quantity.

Indian Vitality Trade ended at Rs154.05 down by Rs4.7 or 2.96% from its earlier closing of Rs158.75 on the BSE.