IEX Achieves 21% YoY Growth in Electricity Volume and 13.3% Overall Growth in August 2023

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Indian Energy Exchange Ltd: A Powerhouse of Energy Trading

Introduction

The Indian Energy Exchange Ltd (IEX) is a leading energy marketplace in India, providing a nationwide automated trading platform for the physical delivery of electricity, renewables, and certificates. IEX enables efficient price discovery and offers participants the opportunity to trade in a variety of energy products. In this blog post, we will take a closer look at the company’s recent achievements and its role in shaping the power market in India.

Overview

IEX achieved 8,469 MU total electricity volume in August 2023, registering an increase of 21% on YoY basis. The company attained 8,865 MU overall volume, including green market trade of 242.3 MU, ancillary market trade of 40MU, 2.53 Lac RECs (equivalent to 253 MU) and 1.03 Lac ESCerts (equivalent to 103 MU). The overall volume traded during the month increased to 13.3% on YoY basis.
IEX share price as of September 5, 12:37 PM IST was ₹137.8, up by 0.51% from the previous close of ₹137. The 52-week high and low prices were ₹165.45 and ₹116.00, respectively. The market capitalization was ₹117,155.7 crore. The net profit margin was 59.54% and the dividend yield was 0.73%.

IEX has a robust ecosystem of over 7,300 participants located across 29 States and 5 Union Territories comprising of more than 55 distribution utilities, over 600 conventional generators and more than 1,800 RE generators and obligated entities. It also has a strong base of over 4,600 commercial and industrial consumers representing industries such as metal, food processing, textile, cement, ceramic, chemicals, automobiles, information technology industries, institutional, housing, and real estate, and commercial entities.

IEX is approved and regulated by the Central Electricity Regulatory Commission and has been operating since June 27th, 2008. It is a publicly listed company with NSE and BSE since October 2017. The Exchange has ISO Certifications for quality management, Information security management and environmental management since August 2016.

IEX offers various compelling choices to trade in – Electricity Market, Green Market and Certificates. The Electricity Market includes Day Ahead Market, Term Ahead Market (contracts up to 3 months), Real Time Market and Cross Border Electricity Trade. The Green Market includes Green Term Ahead Market and Green Day-Ahead Market. The Certificate Market includes Renewable Energy Certificates and Energy Saving Certificates.

Conclusion

In conclusion, Indian Energy Exchange Ltd is a powerhouse of energy trading in India. With its efficient price discovery mechanism and nationwide automated trading platform for the physical delivery of electricity, renewables, and certificates, IEX is playing a crucial role in shaping the power market in India.

Disclaimer

This blog post is for informational purposes only and should not be considered as investment advice or an endorsement of any particular security or strategy. The information contained herein is subject to change without notice.

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