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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.
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En julio de 2024, Indian Energy Exchange registró máximos récords con un aumento del volumen de comercio del 56% de YoY, un crecimiento significativo de las energías renovables y un descenso de los precios de REC a un bajo histórico.