IEX shines on recording 90.2 per cent YoY growth in power market in April

The electricity market at Indian Energy Exchange (IEX) entered the new fiscal year 2022 with 7,707 MU volumes in the month of April 2021, achieving a 90.2 per cent YoY growth. 

According to the power demand data published by National Load Dispatch Centre, the national peak power demand at 183 GW while the peak demand & power consumption registered close to 40 per cent YoY growth on a weak base. 

The day-ahead market traded 5,699 MU volumes in April 2021, achieving a significant 54 per cent YoY growth. The average monthly price at Rs 3.70 per unit witnessed a 53 per cent increase over Rs 2.42 in the corresponding period in 2020. 

The term-ahead market comprising intraday, contingency, daily & weekly contracts traded 349 MU during the month. 

The real-time market saw the highest-ever monthly volume of 1,473 MU in April 2021, achieving 4.2 per cent MoM growth. It also recorded the highest single-day volume of 68.36 MU on April 3, 2021. 

The green term-ahead market traded 186 MU volumes during April 2021, comprising 78 MU in the solar segment and 108 MU in the non-solar segment, achieving a significant 262 per cent MoM growth. 

On Thursday, the stock of IEX was trading 5.1 per cent higher at Rs 406 from its previous close of Rs 386.45 on BSE.