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IEX Hits New Heights with 24% YoY Volume Surge; Shares Shift Amid Green Electricity Wave – Get the Exciting Details!

IEX shares increased on Monday following a 24% YoY rise in monthly volumes to 11,370 MU, with notable growth in green electricity and the REC market, alongside a surge in G-DAM volumes.
IEX Hits New Heights with 24% YoY Volume Surge; Shares Shift Amid Green Electricity Wave – Get the Exciting Details!

Indian Energy Exchange (IEX) shares rose by 1.2% to ₹210.60 on Monday after the company announced a 24% year-on-year (YoY) increase in total volume for September 2024, reaching 11,370 million units (MU). This figure includes certificates, but the stock later reversed gains, falling by 3% to ₹201 during the mid-market session on the NSE.

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The company’s electricity volume, including green electricity, grew 21% YoY to 10,332 MU. Notably, renewable energy certificates (REC) saw a 100% YoY jump to 1,031 MU, with prices hitting a record low of ₹110 per certificate on 25 September. These lower prices benefited entities in meeting their renewable purchase obligations.

According to IEX, energy consumption in September 2024 remained steady at 141.3 billion units, with strong growth in hydro and wind power. As a result, day-ahead market (DAM) and real-time market (RTM) prices fell, while trading volumes increased.

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The DAM price dropped 33% YoY to ₹4.18 per unit, while the RTM price fell 28% YoY to ₹3.98 per unit. DAM volume rose 33% YoY to 4,610 MU, and the RTM market recorded its highest-ever volume with a 34% YoY growth to 10,732 MU.

IEX’s green market saw a 214% YoY volume surge, with G-DAM volumes jumping 408% to 712.5 MU. Additionally, the REC market recorded a 353% YoY growth with 62.97 lakh RECs traded in Q2FY25.

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हैदराबाद स्थित IT स्टॉक सिडनी, ऑस्ट्रेलिया में व्यापार विस्तार के बाद ऊँचा चढ़ा, वैश्विक उपस्थिति को मजबूत किया।

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वैश्विक इंजीनियरिंग लीडर ने ऑस्ट्रेलिया के पैरामेटा में अपना नया कार्यालय खोला, जिससे बाजार में अपनी उपस्थिति मजबूत की,