Indian Energy Exchange (IEX) Ltd. shared its business update for the December quarter on Monday, January 6, where it said that it has achieved an all-time high monthly electricity traded volumes.

The total electricity traded volume in December stood at 11,132 million units, a growth 0f 29% from last year.

During the month, IEX also traded 16.62 lakh renewable energy certificates, which is a growth of 58% on a year-on-year basis.

For the first nine months of the years, IEX’s total electricity traded volume of 88,981 million units, a growth of 19% on a year-on-year basis.
During the December quarter, IEX saw total electricity traded volumes of 30,464 million units, a growth of 16% from last year. Total renewable energy certificates traded stood at 26.52 lakh, a growth of 31% from last year.

In December, IEX saw Day Ahead Market’s supply-side volumes grew by 57% from last year. “This rise in supply, helped moderate prices,” according to the company’s exchange filing.

The market clearing price in the Day Ahead Market volume stood at ₹3.89 per unit, a decline of 14% from last year.

“These prices presented an opportunity for discoms and Open Access consumers to replace their costlier power by procuring through exchanges,” IEX said.

IEX Green Market, which was a Green Day-ahead and Green term-ahead market segments saw 781 million units volume during December 2024, compared to 232 million units in December 2023. During the quarter, the segment saw volumes of 2,470 million units, a growth of 305% from last year.

Shares of IEX ended 2.7% lower on Friday at ₹176.25. The stock has gained 9.5% in the last 12 months.