Indian Energy Exchange

Indian Energy Exchange trade volume dips 4% YoY to 9212 mn units in March

Indian Energy Exchange's total trade volume declined by 4 per cent to 9,212 million units (MU) in March compared to the same month a year ago. On a month-on-month basis, the trade volume rose by 12 per cent, a statement said. Indian Energy Exchange achieved 9,212 MU overall volume in March 2023, including green market trade of 391 MU, 8.69 lac RECs (equivalent to 869 MU) and 22,881 ESCerts (equivalent to 23 MU), a statement said. The (average spot power) price during March 2023 was Rs 5.25 per unit, lower 23 per cent on MoM basis, due to cooler weather conditions, it explained. The IEX achieved 26,052 MU volume across all segments during Q4 FY '23 (January-March 2023), growing 7 per cent over the previous quarter. Cumulatively for the fiscal year 2023, the IEX traded 96.8 BU (billion units), a degrowth of 5 per cent YoY basis, despite a highly constrained sell-side liquidity, which led to the price increasing by 35 per cent on YoY basis, it explained. The Day-Ahead Market (DAM)

Indian Energy Exchange commences trade on high price day ahead market

Indian Energy Exchange on Friday said it has commenced trade in the High Price Day Ahead Market segment to provide a new avenue of high variable cost electricity generators like imported coal and gas-based projects. "IEX, India's premier energy exchange, today announced the commencement of trade in the High Price Day Ahead Market (HP-DAM) segment," an IEX statement said. The Central Electricity Regulatory Commission (CERC) in its order dated February 16, 2023, approved the introduction of HP-DAM in the Integrated Day Ahead Market segment in the power exchange. This will provide a new avenue to the high variable cost generators which may not have been able to participate in DAM due to the existing price ceiling of Rs 12/kWh or unit, it explained. The HP-DAM segment was launched by Union Power Minister RK Singh during a webinar held on March 9, 2023. Speaking at the launch of HP-DAM, the minister said that it is a step towards reforming the evolving power market by meeting the curre

Indian Energy Exchange to launch High Price Day Ahead Market segment

Indian Energy Exchange has planned to launch the High Price Day Ahead Market segment by mid March, which will facilitate electricity generating firms to sell power at a price as high as Rs 50 per unit. Earlier this month, the Central Electricity Regulatory Commission (CERC) allowed three categories of power generators to participate in the HP-DAM market -- gas-based generating stations using imported RLNG and naphtha, thermal plants using only imported coal, and Battery Energy Storage System (BESS) -- on the petition of IEX (Indian Energy Exchange). "IEX has received approval from CERC to launch the High Price Day Ahead Market (HP-DAM) in the integrated day ahead market (I-DAM) segment. We expect to launch the segment by the mid of March 2023," Rohit Bajaj, Head-Business Development, Regulatory Affairs and Strategy, IEX, told PTI. The relaxation in norms by the CERC will provide relief to three categories of power generating companies (gencos) -- those running their plants on ...

Plenty of scope to generate and sell carbon credits in India: IEX CMD

In a Q&A, Satyanarayan Goel, CMD of the exchange, dwells on the current and future power distribution scenario in India and his plans to set up an International Carbon Exchange

Indian Energy Exchange's trade volume falls 7% to 8,452 mn units in Dec

The Indian Energy Exchange's total trade volume in December 2022 dipped 7 per cent to 8,452 million units as compared to the year-ago period mainly due to higher average spot price of electricity and lower trading of renewable energy certificates. "The overall volume on the exchange in December 2022 increased 9 per cent on a MoM basis. However, it declined by 7 per cent on YoY basis due to high REC (renewable energy certificates) traded volumes of 13.85 lakh in (December 2021) the previous year," an IEX statement said. The IEX total trade volume in December 2021 was 9,035 million units (MU). The IEX achieved 8,452 MU total volume in December 2022, including green power trade of 377 MU, and 4.87 lakh RECs (equivalent to 487 MU), it stated. The total electricity volume on the exchange last month was 7,964 MU, a rise of 8 per cent as compared to November 2022 and 4 per cent as compared to the year-ago period, it stated. For the third quarter (October-December 2022) of the ongoing fi

IEX gets shareholders' nod to buy back shares worth up to Rs 98 crore

Indian Energy Exchange (IEX) has got shareholders' approval through postal ballot to buy back shares worth up to Rs 98 crore. The proposal to buy back shares worth up to Rs 98 crore approved by requisite majority through postal ballot, showed a BSE filing. The board of directors in its meeting on November 25 had approved the cash offer for buyback of equity shares of face value of Rs 1 each at a maximum price of Rs 200 per share for an aggregate amount up to Rs 98 crore. The IEX had listed a special resolution -- approval for the buyback of equity shares in the postal ballot notice. The indicative maximum number of equity shares at the buyback price would be 49,00,000. The buyback is being undertaken after taking into account the operational and strategic cash requirements of the company in medium term and for returning surplus funds to the members in an effective and efficient manner, it explained.

IEX forms subsidiary to explore business opportunities in carbon market

Indian Energy Exchange (IEX) on Tuesday announced setting up a wholly-owned subsidiary, International Carbon Exchange Private Ltd (ICX), to explore business opportunity in the voluntary carbon market. The ICX will enable participants to buy and sell voluntary carbon credits at competitive prices through its transparent & reliable platform and facilitate reduction of global GHG (green house gases) emission by 45 per cent by 2030 to get on track to limit global warming to 1.5 degrees, an IEX statement said. The new company will facilitate corporates to meet their climate commitments goals. The Exchange platform will provide a robust market signal for attracting further investments in the sustainable projects and help corporates to allocate capex towards energy transition in most optimum manner, it added. As per industry estimates, the annual demand for voluntary carbon credit globally is expected to reach around 1.5 Gigatons, with India contributing around 200 million tonnes by ...

IEX falls 2% as board approves Rs 98 crore share buyback via open market

The board approved buyback of equity shares of the company at a price not exceeding Rs 200 per share and not exceeding Rs 98 crore through the open market

Here's why Mehul Kothari expects a turnaround in Birla Corp, IEX

According to the technical analyst from Anand Rathi, IEX can be bought for a target of Rs 156, while Birla Corp can rally to Rs 1,020.

IEX slips 5%, hits 52-week low on disappointing September quarter results

The company said the volumes were impacted due to supply side constraints, led by high prices of e- auction coal, imported coal and gas

IEX net profit falls 7% to Rs 71.20 crore in July-September quarter

Indian Energy Exchange (IEX) on Thursday reported nearly 7 per cent fall in its consolidated net profit at Rs 71.20 crore in September quarter compared to a year ago. The consolidated net profit was Rs 77.38 crore in the quarter ended on September 30, 2021, a BSE filing stated. Total income declined to Rs 113.77 crore in the quarter from Rs 122.30 crore in the same period a year ago.

Power exchanges clock growth despite pending discom dues worth Rs 1.32 trn

A third player starts operations, pointing to the potential of this nascent business

IEX net rises 11% to Rs 69 cr in June quarter on back of higher revenues

Indian Energy Exchange (IEX) on Monday posted over 11 per cent rise in its consolidated net profit to Rs 69.12 crore in the June quarter compared to the year-ago period on the back of higher revenues. The consolidated net profit of the company was Rs 62.10 crore in the quarter ended on June 30, 2021, a BSE filing said. Total income of the company increased to Rs 113.39 crore in the quarter from Rs 102.87 crore in the same period a year ago. The board of directors of the company has recommended a final dividend of Re 1 per equity share having face value of Re 1 each for the financial year ended March 31, 2022, the filing said. The company has fixed August 12, 2022 as the Record Date for the purpose of determining the entitlement of the shareholders for the final dividend for 2021-22.

Hindustan Power Exchange backed by BSE, PTC to commence operations

The other two exchanges in the country are Indian Energy Exchange (IEX) and Power Exchange of India ltd (PXIL), of which IEX holds a 98 per cent almost monopoly on the total traded power in country

Indian Energy Exchange power trade volume grows 17% to 8,267 MU in June

Indian Energy Exchange has registered a 17 per cent year-on-year growth in trade volume to 8,267 million units (MU) in June. Power trade volume stood at 7,093 MU Indian Energy Exchange (IEX) in the year-ago period. "The Indian Energy Exchange achieved 8,267 MU volume on June 22, comprising 7,058 MU in the conventional power market, 536 MU in the green power market, and 673 MU (6.73 lakh certificates) in the REC (renewable energy certificate) market, registering 17 per cent y-o-y (year-on-year) volume growth across all market segments," an IEX statement said. Owing to improved supply-side availability, the prices at the day ahead market reduced to Rs 6.49 per unit in June 2022 from Rs 6.76 in May 2022, it added. For the first quarter of fiscal 2023, IEX achieved 23,437 MU volume across all segments, witnessing a 10 per cent year-on-year growth across all its market segments, according to the statement. The Day-ahead Market volume at 4,085 MU saw a de-growth of 5 per cent year-on-ye

Stocks to Watch: Axis Bank, Airtel, SBI Cards, Voda Idea, IEX, Burger King

Cipla, Federal Bank, Finolex Industries, Indiabulls Real Estate, ICRA, Macrotech Developers, Maruti Suzuki, Pidilite, SRF, Torrent Pharma and United Spirits to announce results today.

Indian Energy Exchange divest 4.93% equity stake to Indian Oil Corp

India Energy Exchange on Wednesday announced divesting 4.93 per cent equity stake to India's largest oil company Indian Oil Corporation. IEX chairman and managing director SN Goel said that the move augurs well in the joint endeavour to build the gas market in India and is aligned with the government's vision of accelerating the share of gas in the energy mix to 15 per cent by 2030. "We strongly believe that IndianOil will bring huge value through guidance and support to our new initiative of IGX. IndianOil ... their huge expertise in the gas sector will help add new products for Indian markets," Goel said in a statement. Indian Oil has a diversified presence across oil, gas, petrochemicals, and fertilizer segments. At Indian Oil, we acknowledge the important role Indian Gas Exchange has to play in building a gas-based economy and also creating vibrant gas markets in the country," Indian Oil chairman Shrikant Madhav Vaidya said. Energy major Indian Oil has presence in almost all t

Indian Energy Exchange soars 13% on heavy volume, stock up 21% in four days

IEX on Wednesday, December 8, 2021, announced that its board allotted 599 million equity shares of Re 1 each as fully-paid up bonus equity shares, in the proportion of 2:1 to the eligible members

Turning ex-bonus: Apollo Pipes zooms 17%

The stock of Apollo Pipes hit a record high of Rs 680.05 (adjusted to bonus share) and rallied 17 per cent in intra-day trades today.

IEX seeks shareholders nod to issue bonus shares via postal ballot notice

Indian Energy Exchange (IEX) will seek shareholders' approval to issue bonus shares through postal ballot notice