IEX’s Landmark Achievement: The Significance of 9,147 MU in Energy Trading

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IEX’s Record-Breaking Trade in RECs and ESCerts : Record 9,147 MU Volume and Its Impact

The Indian Energy Exchange (IEX), India’s premier energy market platform, has recently achieved a significant milestone. The exchange reported an overall volume of 9,147 MU (Million Units), a remarkable feat that underscores the growing importance of energy trading in India’s power sector.

IEX is an Indian electronic system-based power trading exchange regulated by the Central Electricity Regulatory Commission (CERC). It started its operations on 27 June 2008 and 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.

Green Market Trade

A noteworthy aspect of this achievement is the green market trade volume, which stood at 230 MU. The green market trade refers to the trading of energy generated from renewable sources, such as solar and wind power. This figure indicates a growing trend towards sustainable and environmentally friendly energy sources in India’s power sector.

Renewable Energy Certificates (RECs)

In addition to the green market trade, IEX also reported a trade of 5.15 lakh RECs, equivalent to 515 MU. RECs are tradable certificates issued by approved agencies when one MWh of power is generated from renewable energy sources. These certificates play a crucial role in promoting renewable energy generation as they provide an additional revenue stream for renewable energy producers.

Energy Saving Certificates (ESCerts)

Another significant component of IEX’s achievement is the trade of 1.06 lakh ESCerts, equivalent to 106 MU. ESCerts are issued for documented energy savings achieved by energy-intensive industries under the Perform, Achieve and Trade (PAT) scheme of the Bureau of Energy Efficiency (BEE). The trading of these certificates incentivizes industries to adopt energy-efficient practices.

Conclusion

IEX’s recent achievement is a testament to the growing importance of energy trading in India’s power sector. It also highlights the increasing role of renewable and energy-efficient practices in meeting India’s energy needs. As India continues on its path towards sustainable development, platforms like IEX will undoubtedly play a crucial role in shaping the country’s energy future.

Please note that all figures mentioned are as per the latest reports and are subject to change.


IEX, Energy Milestone, Green Market Trade, Renewable Energy Certificates (RECs), Energy Saving Certificates (ESCerts), Overall Volume, 9,147 MU, 230 MU, 5.15 Lakh RECs, 1.06 Lakh ESCerts

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