IEX Reports 4.4% YoY Dip in Profit for Q3 FY23, Trades 23 BU of Power

IEX Reports 4.4% YoY Dip in Profit for Q3 FY23, Trades 23 BU of Power

The Indian Energy Exchange (IEX) has reported a 4.4% year-on-year (YoY) decrease in profit after tax (PAT) from ₹807 million (~$9.94 million) to ₹772 million (~$9.51 million) in the third ...
/ / Other, Renewable Energy
Renewable Energy Trading on IEX Increases by 6% MoM in December

Renewable Energy Trading on IEX Increases by 6% MoM in December

The Indian Energy Exchange (IEX) traded 377 million units (MU) of renewable energy in December 2022, an 6% increase month-over-month (MoM) compared to 354 MU traded in the previous month ...
/ / Other, Renewable Energy
CERC Allows Hydropower Contracts in Green Term-Ahead Market on HPX

CERC Allows Hydropower Contracts in Green Term-Ahead Market on HPX

The Central Electricity Regulatory Commission (CERC) has approved Hindustan Power Exchange’s (HPX) plea for the introduction of hydropower contracts in the Green Term-Ahead Market (GTAM) beyond T + 11 days ...
/ / Other, Renewable Energy
CERC Retains Market Clearing Price Cap of ₹12/kWh in Exchanges for Now

CERC Retains Market Clearing Price Cap of ₹12/kWh in Exchanges for Now

The Central Electricity Regulatory Commission (CERC) passed a suo motu order retaining the ₹12 (~$0.14)/kWh price cap on power exchanges till further notice to ensure that prices didn’t rise disproportionately ...
/ / Grid, Market & Policy
REC Trading Jumps 31% with Clearing Price of ₹1,000 Under New Regulations

REC Trading Jumps 31% with Clearing Price of ₹1,000 Under New Regulations

The Renewable Energy Certificates (RECs) trading on Wednesday saw a clearing price of ₹1,000 (~$12.08)/REC being discovered in the first session at the Indian Energy Exchange (IEX) after the implementation ...
/ / Other, Renewable Energy
Renewable Energy Trading at IEX Dips 12% in November, Weighted Average Price Rebounds

Renewable Energy Trading at IEX Dips 12% in November, Weighted Average Price Rebounds

The Indian Energy Exchange (IEX) traded 354 million units (MU) of renewable energy in November 2022, a 12.2% decrease compared to the 403 MU traded the month before. The exchange ...
Renewable Energy Trading at IEX Down 11% in October, Weighted Average Price Drops

Renewable Energy Trading at IEX Down 11% in October, Weighted Average Price Drops

The Indian Energy Exchange (IEX) traded 403 million units (MU) of renewable energy in October 2022, an 11% decrease month-over-month (MoM) compared to 454 MU traded in the previous month ...
/ / Other, Renewable Energy
IEX Reports 8% YoY Dip in Profit for Q2 FY23, Trades 23.1 BU of Power

IEX Reports 8% YoY Dip in Profit for Q2 FY23, Trades 23.1 BU of Power

The Indian Energy Exchange (IEX) has reported an 8% year-on-year (YoY) decrease in profit after tax from ₹774 million (~$9.34 million) to ₹712 million (~$8.6 million) in the second quarter ...
/ / Other, Renewable Energy
Solar Power Traded at ₹5.05kWh in Green Term Ahead Market at IEX in September

Solar Power Traded at ₹5.05/kWh in Green Term Ahead Market at IEX in September

The Indian Energy Exchange (IEX) traded 454 million units (MU) of renewable energy in September 2022, registering a 4% month-over-month (MoM) growth. However, the total energy traded on the exchange ...
/ / Other, Renewable Energy
Renewable Energy Trading on IEX Down 35% MoM in August

Renewable Energy Trading on IEX Down 35% MoM in August

The Indian Energy Exchange (IEX) traded 437 million units (MU) of renewable energy in August 2022, registering a 6% year-over-year (YoY) growth. The volume traded declined by 35% compared to ...
/ / Other, Renewable Energy
Power Exchanges Allowed Time to Implement Clearing and Settlement Mechanism

Power Exchanges Allowed Time to Implement Clearing and Settlement Mechanism

The Central Electricity Regulatory Commission (CERC) has granted time for one more year from August 15, 2022, for power exchanges to align their clearing and settlement system to the Payment ...
/ / Grid, Market & Policy
Ministry Mulls Introducing High Price Day-Ahead Market in Power Exchanges

Ministry Mulls Introducing High Price Day-Ahead Market in Power Exchanges

The Ministry of Power (MoP) has proposed the introduction of a high price market segment for the day ahead market (HPDAM). The stakeholders have time until August 21, 2022, to ...
/ / Grid, Market & Policy
IEX Reports 11% YoY Increase in Profit for Q1 FY23, Trades 22.2 BU of Power

IEX Reports 11% YoY Increase in Profit for Q1 FY23, Trades 22.2 BU of Power

The Indian Energy Exchange (IEX) has reported an 11.3% year-on-year (YoY) increase in profit after tax from ₹621 million (~$7.78 million) to ₹691 million (~$8.66 million) in the first quarter ...
/ / Other, Renewable Energy
Renewable Energy Trading on IEX Declines by 16.5% MoM in June

Renewable Energy Trading on IEX Declines by 16.5% MoM in June

The Indian Energy Exchange (IEX) traded 536 million units (MU) of renewable energy in June 2022, a 16.5% decrease month-over-month (MoM) compared to 642 MU traded in the previous month ...
CERC Approves Introduction of Forward Contracts at the Indian Energy Exchange

CERC Approves Introduction of Forward Contracts at the Indian Energy Exchange

The Central Electricity Regulatory Commission (CERC) recently directed the Indian Energy Exchange (IEX) to make changes in its software before the commencement of the physical delivery-based forward contracts and to ...
IEX Trades 2.24 Million Renewable Energy Certificates in Q1 2022

IEX Trades 2.24 Million Renewable Energy Certificates in Q1 2022

The Indian Energy Exchange (IEX) traded 2,249,517 renewable energy certificates (RECs) in the first quarter of 2022. They include 1,636,973 non-solar RECs and 612,544 solar RECs. There were 933,359 non-solar ...
Renewable Energy Trading up by 91% MoM at IEX in May 2022

Renewable Energy Trading Up by 91% MoM at IEX in May 2022

The Indian Energy Exchange (IEX) traded 642 million units (MU) of renewable energy in May 2022, a 91% month-over-month (MoM) increase compared to 336 MU traded in the previous month ...
BHEL Invites Bids for Trading Renewable Energy Certificates at Power Exchanges

BHEL Invites Bids for Trading Renewable Energy Certificates at Power Exchanges

Bharat Heavy Electricals Limited (BHEL) has invited bids from traders to procure renewable energy certificates (RECs) from the National Load Despatch Center (NLDC) and trade them at the power exchanges ...
Renewable Energy Trading Down by 14% MoM at IEX in April 2022 (1)

Renewable Energy Trading Down by 14% MoM at IEX in April 2022

The Indian Energy Exchange (IEX) traded 336 million units (MU) of renewable energy in April 2022, a 14% month-over-month (MoM) decrease compared to 392 MU traded in the previous month ...
CERC Orders Power Exchanges to Cap Market Clearing Price at ₹12kWh

CERC Orders Power Exchanges to Cap Market Clearing Price at ₹12/kWh

Central Electricity Regulatory Commission (CERC) directed the power exchanges to re-design their bidding software so that members can submit their buy bids at the maximum price of ₹12 (~$0.16)/kWh for ...
/ / Grid, Market & Policy
Renewable Energy Trading at IEX Grew by 517% YoY in FY 2021-22

Renewable Energy Trading at IEX Grew by 517% YoY in FY 2021-22

In the financial year (FY) 2021-2022, the Indian Energy Exchange (IEX) traded 4,854 million units (MU) of renewable energy, a 517% year-over-year (YoY) growth. The energy trading in the newly ...
/ / Other, Renewable Energy
Month in a Minute Top Headlines from Indian Renewable Sector in March 2021

Month in a Minute: Top Headlines from Indian Renewable Sector in March 2022

Here is a recap of some of the most important headlines from March 2022: The Ministry of Power informed that it would be writing to the Department of Revenue recommending ...
/ / Other, Renewable Energy
Green Day Ahead Market is Facilitating Electricity Purchase On A Day-Ahead Basis

Green Day Ahead Market is Facilitating Electricity Purchase on a Day-Ahead Basis

The Indian Energy Exchange (IEX) and the Power Exchange India (PXIL) introduced the Green Day Ahead Market (GDAM) in October 2021, a market segment that enables participants to purchase electricity ...
/ / Other, Renewable Energy
Renewable Energy Trading Up by 61% MoM to 453 MU at IEX in February 2022 (1)

Renewable Energy Trading Up by 61% MoM to 453 MU at IEX in February 2022

The Indian Energy Exchange (IEX) traded 453 million units (MU) of renewable energy in February 2022, a 61% month-over-month (MoM) increase compared to 280 MU traded in the previous month ...
/ / Other, Renewable Energy
CERC Approves Hydropower Contracts to be Introduced in Green Term-Ahead Market

CERC Approves Hydropower Contracts to be Introduced in Green Term-Ahead Market

The Central Electricity Regulatory Commission (CERC) has approved the introduction of hydropower in the Green Term-Ahead Market (GTAM) following a petition by the Indian Energy Exchange (IEX), to facilitate the ...