Indian Energy Exchange Ltd Share Price – NSE /  BSE

Financial Services, Small Cap

During the month, the company has 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 billion units, marginal increase of 1% compared to the previous year.

The Day-Ahead Market (DAM) volume decreased to 4,388 MU in October 2024 as compared to 4,742 MU in October 2023, registering an declined of 7%.

The Real-Time Electricity Market (RTM) volume increased 30% YoY to 3,123 MU in October 2024.

The Day Ahead Contingency and Term-Ahead Market (TAM), which includes contingency, daily, weekly, and monthly contracts up to three months, traded 1,260 million units (MU) in October 2024. This represents a 34% year-on-year decline compared to the 1,911 MU traded in October 2023.

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 872 MU volumes during October 2024 as compared to 188 MU in October 2023, registering an increase of 364% YoY.

The Green Day-Ahead Market (G-DAM) achieved 829 MU volume during October 2024 with a weighted average price of Rs 3.60 per unit, as compared to 181 MU in October 2023, registering an increase of 358% YoY.

The Green Term-Ahead Market (G-TAM) recorded a volume of 43 million units (MU) in October 2024, with average monthly prices of Rs 3.49 per unit for Solar, Rs 8.02 per unit for Non-Solar and Rs 5.03 per unit for Hydro. This represents a 498% year-on-year growth compared to the 7 MU traded in October 2023.

A total of 4.44 lakh renewable energy certificate (RECs), were traded in the trading sessions held on 09th October’24 and 30th October’24, at a clearing price of Rs 110/REC and Rs 120/REC respectively.

The next REC trading sessions at the Exchange are scheduled on 13th November 2024 and 27th November 2024.

IEX is India's premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable power, renewable energy certificates and energy saving certificates.

The company’s consolidated net profit jumped 27.2% to Rs 96.44 crore on 18.8% increase in revenue from operations to Rs 123.56 crore in Q1 FY25 over Q1 FY24.

Powered by Capital Market - Live News

Indian Energy Exchange achieved electricity traded volume of 9,642 MU in October'24, 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.

ELECTRICITY MARKET: DAY- AHEAD, REAL-TIME MARKET & TERM- AHEAD

The Day-Ahead Market (DAM) achieved 4,388 MU volume in October'24 as compared to 4,742 MU volume in October'23, a decline of 7% YoY.

The Real-Time Electricity Market (RTM) achieved monthly volume of 3,123 MU in October‘24, as compared to 2,402 MU in October'23, registering an increase of 30% YoY.

Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 1,260 MU during October'24, as compared to 1,911 MU volume in October'23, a decline of 34% YoY.

GREEN MARKET: GREEN DAY-AHEAD & GREEN TERM-AHEAD MARKET

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 872 MU volume during October'24 as compared to 188 MU in October'23, registering an increase of 364% YoY.

The Green Day-Ahead Market (G-DAM) achieved 829 MU volume during October'24 with a weighted average price of Rs 3.60 per unit, as compared to 181 MU in October'23, registering an increase of 358% YoY.

The Green Term-Ahead Market (G-TAM) achieved 43 MU volume during October'24 with a with average monthly price of Solar- Rs 3.49/unit, Non-Solar- Rs 8.02/unit and Hydro – Rs 5.03/unit, as compared to 7 MU in October'23, registering an increase of 498% YoY.

RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET)

A total of 4.44 lac RECs, were traded in the trading sessions held on 09th October'24 and 30th October'24, at a clearing price of Rs. 110/REC and Rs. 120/REC respectively.

The next REC trading sessions at the Exchange are scheduled on 13th November'24 and 27th November'24.

Powered by Capital Market - Live News

Net profit of Indian Energy Exchange rose 25.28% to Rs 108.32 crore in the quarter ended September 2024 as against Rs 86.46 crore during the previous quarter ended September 2023. Sales rose 28.44% to Rs 139.40 crore in the quarter ended September 2024 as against Rs 108.53 crore during the previous quarter ended September 2023.

Powered by Capital Market - Live News

Indian Energy Exchange will hold a meeting of the Board of Directors of the Company on 24 October 2024.

Powered by Capital Market - Live News