Indian Energy Exchange (IEX) has achieved electricity traded volume of 9,642 million units (MU) in October 2024, marking a 4% year on year increase. During the month, IEX traded 4.44 lakh renewable energy certificates recording a 105% year on year increase.

According to government data published in October 2024, the country's energy consumption reached 140.4 BUs, marginal increase of 1% compared to the previous year. The Market Clearing Price in the Day Ahead Market at Rs 3.92/unit during October 2024, declined 39% year-on-year. Similarly, the Market clearing price in the Real Time Market at Rs 3.77/unit during October 2024, declined 38% year-on-year. These prices present an opportunity for Discoms and Open Access consumers to replace costlier power through purchasing through exchanges.

The Day-Ahead Market (DAM) achieved 4,388 MU volume in October 2024 as compared to 4,742 MU volume in October 2023, a decline of 7% YoY. The Real-Time Electricity Market (RTM) achieved monthly volume of 3,123 MU in October 2024, as compared to 2,402 MU in October 2023, registering an increase of 30% YoY. 

IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.