IEX Sees 35.8% Trading Growth
05 Sep 2024
3 Min Read
CW Team
The Indian Energy Exchange (IEX) recorded a significant 35.8% growth in its trading volume in August 2024. This increase marks a robust performance for the exchange, driven by strong participation in the power market, as well as a surge in renewable energy certificates (REC) trading, contributing to the overall market expansion.
Trading Volume Increase: In August, the IEX saw a substantial rise in electricity trading, indicating strong market dynamics. The overall trading volume on the platform reached 8,936 million units, showcasing the increasing demand for power through exchanges as industries and consumers opt for efficient trading mechanisms. This spike can be attributed to the growing energy consumption across sectors and the market's preference for a reliable and transparent platform like IEX.
REC Market Surge: A key highlight of the month was the notable performance of the Renewable Energy Certificate (REC) market, which registered a sharp increase in trading activities. The REC market is an essential component of India?s renewable energy compliance framework, allowing obligated entities to meet their renewable purchase obligations. In August, the REC segment recorded over 18.9 lakh certificates, reflecting an increase in both demand and supply, driven by a stronger push for renewable energy.
Green Market Performance: Alongside the traditional power market, IEX?s green market segment also performed well, as more participants showed interest in trading green energy. The green market offers buyers and sellers a platform to trade renewable energy, aligning with India?s commitment to promoting clean energy adoption. The increase in REC trading also underscores the growing awareness and adoption of renewable energy.
Short-Term Market Dynamics: The growth of IEX?s trading volume also highlights the increasing reliance on the short-term electricity market, as it provides flexibility and cost efficiency for both buyers and sellers. Short-term market segments like Day-Ahead Market (DAM), Term-Ahead Market (TAM), and Real-Time Market (RTM) continued to attract participants, enhancing liquidity and competition.
Market Leadership: IEX continues to maintain its leadership in the power trading sector, offering a diverse range of products that cater to the dynamic needs of India?s electricity market. The exchange?s transparent pricing mechanism, efficient trading platform, and robust infrastructure have contributed to its expanding market share.
Outlook: With the continued growth in trading volume and the increasing prominence of renewable energy markets, IEX is positioned to play a pivotal role in India's evolving energy landscape. The surge in REC trading further indicates a positive shift toward cleaner energy solutions, aligning with the country's long-term sustainability goals.
The Indian Energy Exchange (IEX) recorded a significant 35.8% growth in its trading volume in August 2024. This increase marks a robust performance for the exchange, driven by strong participation in the power market, as well as a surge in renewable energy certificates (REC) trading, contributing to the overall market expansion.
Trading Volume Increase: In August, the IEX saw a substantial rise in electricity trading, indicating strong market dynamics. The overall trading volume on the platform reached 8,936 million units, showcasing the increasing demand for power through exchanges as industries and consumers opt for efficient trading mechanisms. This spike can be attributed to the growing energy consumption across sectors and the market's preference for a reliable and transparent platform like IEX.
REC Market Surge: A key highlight of the month was the notable performance of the Renewable Energy Certificate (REC) market, which registered a sharp increase in trading activities. The REC market is an essential component of India?s renewable energy compliance framework, allowing obligated entities to meet their renewable purchase obligations. In August, the REC segment recorded over 18.9 lakh certificates, reflecting an increase in both demand and supply, driven by a stronger push for renewable energy.
Green Market Performance: Alongside the traditional power market, IEX?s green market segment also performed well, as more participants showed interest in trading green energy. The green market offers buyers and sellers a platform to trade renewable energy, aligning with India?s commitment to promoting clean energy adoption. The increase in REC trading also underscores the growing awareness and adoption of renewable energy.
Short-Term Market Dynamics: The growth of IEX?s trading volume also highlights the increasing reliance on the short-term electricity market, as it provides flexibility and cost efficiency for both buyers and sellers. Short-term market segments like Day-Ahead Market (DAM), Term-Ahead Market (TAM), and Real-Time Market (RTM) continued to attract participants, enhancing liquidity and competition.
Market Leadership: IEX continues to maintain its leadership in the power trading sector, offering a diverse range of products that cater to the dynamic needs of India?s electricity market. The exchange?s transparent pricing mechanism, efficient trading platform, and robust infrastructure have contributed to its expanding market share.
Outlook: With the continued growth in trading volume and the increasing prominence of renewable energy markets, IEX is positioned to play a pivotal role in India's evolving energy landscape. The surge in REC trading further indicates a positive shift toward cleaner energy solutions, aligning with the country's long-term sustainability goals.
Next Story
Swamiraj Rebrands as House of Swamiraj, Announces Rs 210 Cr Project
In a strategic shift marking its evolution from a reputed builder to a lifestyle-focused brand, Swamiraj Constructions has rebranded as House of Swamiraj. With a two-decade legacy and over 1,700 homes delivered across the Mumbai Metropolitan Region (MMR), the company is embracing a new phase centred on community-driven, wellness-oriented living. The rebranding was unveiled via a digital campaign titled #BeyondDimensions, executed in three phases鈥攖easer, engagement, and launch. The campaign spotlighted the brand鈥檚 renewed commitment to designing homes that go beyond function to foster ..
Next Story
Morpho Dimensions Set to Cross Rs 1 billion Revenue in FY 25鈥�26
Morpho Dimensions, a venture of acclaimed architecture and design firm Morphogenesis, is transforming India鈥檚 office interiors landscape with a technology-first, design-led approach. With a secured orderbook of Rs 700 million and additional projects in the pipeline, the firm is confidently on track to cross Rs 1 billion in revenue in FY 2025鈥�26.聽By combining Artificial Intelligence (AI), Building Information Modelling (BIM), and Virtual Reality (VR), Morpho Dimensions enables clients to visualise and step into immersive, ready-to-operate workspaces within 90 days鈥攗shering in a new bench..
Next Story
TOTO鈥檚 NEOREST Surpasses 4 Million Global Shipments
TOTO has announced that its flagship smart toilet, NEOREST, has surpassed 4 million global shipments as of March 2025, marking a major milestone in the evolution of luxury sanitation and setting a new global benchmark in design-led hygiene innovation. Launched in 1993 with the aim to redefine conventional toilets, NEOREST has consistently merged cutting-edge technology with minimalist design. Over three decades, it has become a category-defining product, earning global acclaim with prestigious honours including the iF Design Award, Red Dot, and Green Good Design Awards. The integrate..
