IEX

Indian Energy Exchange's (IEX) total trade volume rose 24 per cent year-on-year to 11,370 million units (MU) in September this year. The electricity volume increased 21 per cent year-on-year to 10,332 MU in September, an IEX statement said on Monday. According to the statement, IEX achieved total monthly (trade) volume (including certificates) of 11,370 MU in September 2024, marking a 24 per cent year-over-year increase. The Renewable Energy Certificates (REC) at 1,031 MU, increased 100 per cent year-on-year. At Rs 110 per certificate, the REC market recorded an all-time low price in the trading session held on September 25, 2024. These prices provide an opportunity to obligated entities (DISCOMS and Captive Power Producers) to meet their Renewable Purchase Obligations, and voluntary customers to meet their sustainability aspirations. With a steady monsoon in September, there was a significant rise in hydro and wind power generation, which led to a substantial drop in Day-Ahead Ma

Indian Energy Exchange (IEX) total trade volume rose 35.8 per cent year-on-year to 12,040 million units (MU) in August this year. The electricity volume increased 17.1 per cent year-on-year to 9,914 MU in August, an IEX statement said. According to the statement, IEX achieved total (trade) volume (including certificates) of 12,040 MU in August 2024, marking a 35.8 per cent year-over-year increase. The renewable energy certificates (REC) at 2,116 MU, increased 737.4 per cent year-on-year. At Rs 115 per certificate, the REC market recorded an all-time low price in the trading session held on August 28, 2024. These prices provide an opportunity to obligated entities (DISCOMS and Captive Power Producers) to meet their renewable purchase obligations, and voluntary customers to meet their sustainability aspirations. As the monsoon gained momentum in August, there was a substantial increase in hydro and wind power generation, enhancing the overall availability of renewable energy in the

In July 2024, the Indian Energy Exchange (IEX) set a new record with the highest total trading volume, including certificates, reaching 13,250 MU. The figure marks an approximately 56% increase Y-o-Y.

IEX witnessed a substantial increase in price in the last couple of trading sessions from the 21 DEMA on the daily chart.

The rise in the share price came after IEX announced a strong Q1 power market update

The Indian Energy Exchange (IEX) on Tuesday posted a 19 per cent growth in its overall trade volume to 28,178 million units in the April-June period of FY25. The exchange achieved 23,680 million units (MU) overall trade volume in the year-ago period. "For the first quarter, IEX achieved electricity volume of 28,178 MU, an increase of 19 per cent year-on-year (y-o-y). Total volume for the quarter, including certificates, was at 30,354 MU, up 20.8 per cent from 25,125 MU in Q1 FY24," it said. In June alone, volume trade was 10,185 MU, 24.7 per cent higher from 8,168 MU in June 2023. The total volume in the month, including certificates, increased 19.4 per cent to 10,677 MU from 8,946 MU a year ago. Hot weather conditions led to an unprecedented surge in electricity demand during the first quarter of this financial year. The country's energy consumption of 452 BUs in Q1 FY25 was 11.2 per cent higher compared to Q1 FY24. During the quarter, the country's peak demand reached 250 GW, ..

The Indian Energy Exchange (IEX) has posted a 9.5 per cent rise in consolidated profit after tax at Rs 96.7 crore for the March 2024 quarter on account of higher income. It had clocked Rs 88.34 crore profit after tax (PAT) during the fourth quarter of the last fiscal, the company said in an exchange filing on Wednesday. The company's total income rose to Rs 149.28 crore, from Rs 129.58 crore in January-March FY23. During the period under review, its expenses stood at Rs 22.65 crore, as against Rs 19.52 crore a year ago. In FY24, the consolidated PAT rose 14.7 per cent to Rs 350.78 crore, from Rs 305.88 crore in FY23. Income for the full year was at Rs 550.84 crore, up from Rs 474.10 crore. The Board of Directors of the company announced a final dividend of Rs 1.50 for FY24. Sharing business updates, IEX said 110.1 billion units of electricity traded on its platform during the fiscal year 2023-24, registering a year-on-year (y-o-y) increase of 13.7 per cent. The DAM (day-ahead ma

The Indian Energy Exchange (IEX) posted 14.1 per cent growth in its overall trade volume at 9,044 million units in April as compared to the year-ago period. The exchange achieved 7,928 MU overall trade volume in April 2023, including green market trade of 280 MU, 1.99 lakh RECs (renewable energy certificates equivalent to 199 MU) and 1.23 lakh ESCerts (energy savings certificates equivalent to 123 MU), as per IEX data. RECs at 618 MU increased 211 per cent YoY (year-on-year). At Rs 204 per certificate, the REC market recorded an all-time low price in the trading session held on April 24, 2024, a statement said. REC prices declined 80 per cent YoY. These prices provide an opportunity to obligated consumers to meet their Renewable Purchase Obligations, and voluntary customers to meet their sustainability aspirations. The Market Clearing Price in Day Ahead Market (DAM) during April 2024 at Rs 5.1/unit reduced approximately 6 per cent year-on-year. The sell bids on the exchange (Day

Energy trading platform IEX on Thursday said it has logged the highest-ever trade volume of 110 billion units (BU) in the fiscal year 2023-24, registering a growth of nearly 14 per cent year-on-year. The total trade volume has crossed the 100 BU-mark for the first time in FY24, the exchange said. IEX (Indian Energy Exchange) achieved 110 BU total trade volume in FY24, registering an increase of 13.8 per cent on a Y-o-Y basis, according to a statement. Giving segment-wise break-up, it said that 75.39 lakh RECs (Renewable Energy Certificates), equivalent to 7,539 million units, were traded during FY24, registering an increase of 26 per cent year-on-year. The government undertook several measures which led to a better supply scenario in the country, as a result of which the sell side liquidity improved on the exchange, it said. During the year, the sell liquidity on the exchange increased by 16.9 per cent Y-o-Y, which led to a decline in the DAM (day ahead market) prices by 12 per ce

According to the data for October published by GRID-India, the country's energy consumption jumped 22 per cent to 139 billion units as compared to that in 2022

Stocks to watch on November 3, 2023: Atul's board meeting will be held on November 07 to consider a buyback proposal

Its consolidated net profit was Rs 71.20 crore in the quarter ended on September 30, 2022, a BSE filing showed

Energy exchange IEX on Friday said it will acquire a 10 per cent stake in Enviro Enablers India Private Limited. The association will fulfil IEX's commitment towards sustainability and decarbonisation in line with India's net zero commitments, Indian Energy Exchange (IEX) said in a BSE filing. "IEX entered into a share subscription agreement and shareholders' agreement with Enviro Enablers India Private Limited (EEIPL) to acquire a 10 per cent stake in the company through compulsory convertible preference shares (CCPS)," it said. This platform will catalyse solutions for compliant waste management, including segregation, processing, recycling, tracking, tracing, and valorization of waste fractions, all while uplifting informal waste pickers, SN Goel, Chairman and Managing Director of IEX, said. "This strategic alliance sets the stage for a transformative journey towards sustainability and circularity within India's energy landscape," Govindaswamy Mahesh Babu of EEIPL said.

Stocks to watch on September 5, 2023: Vishnu Prakash R Punglia will debut on the bourses today. The issue price is Rs 99 and the stock may list with up to 60 per cent premium

The approval from the CERC, given to the country's largest spot power market, is for electricity derived from costlier sources of imported coal and gas, as well as battery storage

In a Q&A, Satyanarayan Goel, CMD of the exchange, dwells on the current and future power distribution scenario in India and his plans to set up an International Carbon Exchange

Indian Energy Exchange (IEX) has got shareholders' approval through postal ballot to buy back shares worth up to Rs 98 crore. The proposal to buy back shares worth up to Rs 98 crore approved by requisite majority through postal ballot, showed a BSE filing. The board of directors in its meeting on November 25 had approved the cash offer for buyback of equity shares of face value of Rs 1 each at a maximum price of Rs 200 per share for an aggregate amount up to Rs 98 crore. The IEX had listed a special resolution -- approval for the buyback of equity shares in the postal ballot notice. The indicative maximum number of equity shares at the buyback price would be 49,00,000. The buyback is being undertaken after taking into account the operational and strategic cash requirements of the company in medium term and for returning surplus funds to the members in an effective and efficient manner, it explained.

CLOSING BELL: Auto majors - Maruti and Mahindra & Mahindra were the other prominent gainers among the Sensex 30, while Bharti Airtel and Tata Steel declined around a per cent each

Indian Energy Exchange (IEX) on Tuesday announced setting up a wholly-owned subsidiary, International Carbon Exchange Private Ltd (ICX), to explore business opportunity in the voluntary carbon market. The ICX will enable participants to buy and sell voluntary carbon credits at competitive prices through its transparent & reliable platform and facilitate reduction of global GHG (green house gases) emission by 45 per cent by 2030 to get on track to limit global warming to 1.5 degrees, an IEX statement said. The new company will facilitate corporates to meet their climate commitments goals. The Exchange platform will provide a robust market signal for attracting further investments in the sustainable projects and help corporates to allocate capex towards energy transition in most optimum manner, it added. As per industry estimates, the annual demand for voluntary carbon credit globally is expected to reach around 1.5 Gigatons, with India contributing around 200 million tonnes by ...

How IEX became a carbon-neutral energy trading platform

Energy trading platform Indian Energy Exchange recently announced that it was the first carbon-neutral power exchange in the country. It used market-based tradable instruments. What does that mean?