Indian Energy Exchange trade volume drops 13 per cent YoY in October 2022

NEW DELHI: The total trade volume of the Indian Energy Exchange (IEX) dropped by 13% to 7,972 million units (MU) in October 2022, due to the high volume base of last year. The trade volume is lower by 2% on Month-on-Month (MoM) basis due to reduced REC (Renewable Energy Certificates ) trading. According to the Indian Energy Exchange (IEX), it achieved 7,972 MU volume in October 2022, including green Power trade of 403 MU, and 3.58 lakh RECs (equivalent to 358 MU).