In July 2024, Indian Energy Exchange saw record highs with 56% YoY trading volume increase, significant renewable energy growth, and REC prices dropping to an all-time low.

Indian Energy Exchange (IEX) hit record highs in July 2024, with total trading volume of 13,250 MU, a 56% YoY increase. The electricity volume reached 10,093 MU, a 29% Y-o-Y growth. Green electricity saw a remarkable 259% Y-o-Y increase, hitting 1 billion units. Renewable Energy Certificates (RECs) also saw significant growth, with 3,150 MU traded, a 405% increase from the previous year. REC prices dropped to an all-time low of Rs 120 per certificate, providing opportunities for obligated entities and voluntary buyers.

August 05, 2024
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