In the first month of the new fiscal year 2023, the Indian Energy Exchange reached a volume of 7574 MU in all market segments, comprising 6989 MU in the conventional energy market, 336 MU in the energy market green and 249 MU (2.49 lac certificates) in the REC market.
Volumes were down 1.7% compared to April 21 given the constraints related to electricity supply which also led to high break-even prices in all market segments.
According to electricity demand data released by the National Load Dispatch Center, as of April 22, power consumption at 133 BU saw 11% year-on-year growth while national peak demand at 207.11 GW grew by 13% year-on-year.
On March 21, 2022, CERC had notified the Fifth Amendment to the Open Interstate Transmissions Regulations and subsequently approved the procedure regarding the National Open Access Registry (NOAR) – a centralized automated technology platform for facilitate open access, to be hosted, operated and implemented by POSOCO as of Sunday, May 1, 2022.
In a leadership move, IEX successfully integrated its platform into NOAR on Sunday May 1, 22 for all market segments – DAM, G-DAM, RTM, TAM and G-TAM. Going forward, NOAR listing will be a prerequisite for collective and bilateral transactions in the short-term electricity market.
NOAR will facilitate transparent communication, simplification of processes, greater transparency, elimination of the scope of human intervention, thus unlocking greater efficiency and facilitating the development of the electricity market.
At around 12:03 p.m., Indian Energy Exchange was trading at Rs203.65 each, up Rs0.55 or 0.27% from its previous close of Rs203.10 each on BSE.
