IEX records 21% jump in electricity trade volume in October

Indian Energy Exchange (IEX), a power trading platform regulated by the Central Electricity Regulatory Commission, reported a 21% increase in its electricity volume, reaching 9,260 million units (MU) in October compared to the same period last year.This surge in electricity volume aligns with a 22% year-on-year (y-o-y) rise in India’s power demand to 139 billion units (BU) in October, according to data by GRID-INDIA. Demand for power increased owing to increase in electricity consumption, below-average rainfall in October, and a lower base from the same month last year.