IEX clocks 58 pc growth in electricity trade volume at 25.9 BU in Q2
The Indian Energy Exchange (IEX) has recorded a 58 per cent growth on a year-on-year basis in its electricity trade volume at 25.9 billion units (BU) in the September quarter.
The electricity trade volume of IEX during July-September 2020 stood at 16.5 BU.
During the first half of FY ’22 (April to September in 2021), the IEX traded a total of 47.2 BU of electricity, as against 31.4 BU in the year-ago period, implying a robust year-on-year (YoY) growth of 50.6 per cent, IEX said in a statement.
IEX said the growth in volumes was driven by substantial increase in electricity consumption as well as the preference by the distribution utilities to meet their short-term supply requirements in a competitive and flexible manner through IEX.
