IEX records s 61.8 per cent y-o-y growth in electricity volumes

IEX has recorded 20,175 MUs electricity volumes in third quarter of 2020-21 compared to 12,472 MUs during the same period last year, registering a growth of 61.8 per cent on year-on-year (y-o-y) basis. …

Total volumes including REC volume registered 48.2 per cent y-o-y growth. Despite  a 43 per cent growth in day ahead market (DAM), the prices on the exchange remained subdued and saw a decline of 2 per cent on y-o-y basis. The average market clearing price in the DAM during the quarter stood at Rs 2.76 per unit. The real-time electricity market registered an all-time high monthly volume of 1,129 MUs in December since its commencement on June 01, 2020. On a cumulative basis in third quarter of 2020-21, the market traded 2,837.2 MUs. The green market cumulatively traded 473 MUs during the same period. Further, the company has recorded a consolidated total revenue of Rs 961 million for the quarter ended December 2020, an increase of 38.4 per cent over Rs 694 million recorded in the corresponding quarter of previous year. The company’s profit after tax stood at Rs 581 million for the quarter ended December 2020, an increase of 39.5 per cent over Rs 417 million recorded for the quarter ended December 2020.

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