Google- Indian Energy Exchange (IEX) achieved a record total volume of 13,250 million units (MU) in July 2024, up ~56% YoY. The electricity volume reached 10,093 MU, a 29% increase from the previous year.
- Green electricity soared to 1 billion units (BU), marking a 259% increase YoY. Renewable Energy Certificates (REC) saw a dramatic rise of 405%, totaling 3,150 MU.
- The REC market hit a historic low price of Rs. 120 per certificate, benefiting DISCOMS and Captive Power Producers in meeting Renewable Purchase Obligations.
- Green Market volumes grew 259% YoY, with the Green Day-Ahead Market (G-DAM) achieving a record 50 MU cleared on July 28.
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