New Delhi, Dec 3 (PTI) The total electricity trade volume at the Indian Energy Exchange (IEX) in November rose 15.7 per cent year-on-year to 9,689 million units.

During the month, the exchange traded 5.46 lakh renewable energy certificates (RECs), recording 27.7 per cent year-on-year decline, IEX said in a statement.

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The REC trading sessions were held on November 13 and November 27, at a clearing price of Rs 140/REC and Rs 190/REC, respectively, it said.

The Day-Ahead Market (DAM) volume increased 9.8 per cent to 5,651 MU in November from 5,144 MU in the same month last year.

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The Real-Time Electricity Market (RTM) achieved a monthly volume of 3,019 MU in November 2024 compared to 2,359 MU a year ago, a rise of 28 per cent.

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 818 MU volume last month against 189 MU in November 2023.

The Green Day-Ahead Market achieved 793 MU volume during November 2024 with a weighted average price of Rs 3.19 per unit compared to 182 MU in the year-ago month.

The Green Term-Ahead Market (G-TAM) achieved 25 MU volume during November, with an average monthly price of solar Rs 3.50/unit, non-solar Rs 5.42/unit and hydro Rs 3.68/unit compared to 7 MU a year ago.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)