ENA Sectors 2024-08-05 17:28:05 <p><span style="font-size:14px"><strong>New Delhi, Aug 5 (KNN)</strong> The Indian Energy Exchange (IEX), India's leading electricity trading platform, has announced unprecedented trading volumes for July 2024, with significant growth across multiple segments.</span></p> <p><span style="font-size:14px">IEX reported a total trading volume of 13,250 million units (MU) in July 2024, including certificates, marking a 56 per cent increase compared to the same period last year. Electricity volume alone reached 10,093 MU, up 29 per cent year-over-year (YoY).</span></p> <p><span style="font-size:14px">The exchange's green electricity volume experienced remarkable growth, reaching 1 billion units (BU) in July, a 259 per cent increase YoY.</span></p> <p><span style="font-size:14px">The Green Market, comprising Green Day-Ahead and Green Term-Ahead segments, achieved 989.6 MU, up from 275.4 MU in July 2023.</span></p> <p><span style="font-size:14px">Trading in Renewable Energy Certificates (RECs) saw a dramatic rise, with volumes increasing 405 per cent YoY to 3,150 MU.</span></p> <p><span style="font-size:14px">The REC market recorded an all-time low price of Rs. 120 per certificate on July 31, 2024, potentially benefiting obligated entities and voluntary customers seeking to meet sustainability goals.</span></p> <p><span style="font-size:14px">The Day-Ahead Market volume grew 27 per cent YoY to 5,056 MU, while the Real-Time Electricity Market volume increased 31 per cent YoY to 3,334 MU. The Day Ahead Contingency and Term-Ahead Market traded 712 MU during the month.</span></p> <p><span style="font-size:14px">According to government data, India's overall energy consumption reached 145.4 BUs in July 2024, representing a 4 per cent YoY increase.</span></p> <p><span style="font-size:14px">The exchange also facilitated the trading of 7,000 Energy Saving Certificates (ESCerts) at the floor price of Rs. 2,165 per certificate.</span></p> <p><span style="font-size:14px">These figures reflect significant growth in India's electricity trading market, with notable increases in renewable energy and green power segments.</span></p> <p><span style="font-size:14px">The data suggests a continuing trend towards increased power trading and a growing emphasis on sustainable energy sources in the Indian market.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 38863 https://knnindia.co.in/news/newsdetails/sectors/green-electricity-volume-records-259-yoy-growth-tops-1-bn-units-in-july-2024 2024-08-05 17:28:05 knnindia.co.in