The country’s premier electricity exchange, Indian Energy Exchange Ltd exceeded the 100 billion unit (BU) mark in the electricity market for the first time in its history in the 2023-24, while also achieving its highest-ever total volume of 110 BU in the year, up 13.8% from the previous year.

The exchange’s electricity volumes rose 12% from the previous year to 101.7 BU FY24.

During the year, a total of 75.39 lakh renewable energy certificates (RECs), approximately equivalent to 7,539 MU, were traded in FY24, with the volume increasing 26% year-on-year during the period.
IEX reported a rise in its sell liquidity in the 2023-24 fiscal year by 16.9% from the previous year due to multiple measures taken by the government which led to an improvement in the supply scenario, thereby improving the sell side liquidity on the exchange.

Shares of IEX traded 1.32% higher at Rs145.8 per piece on the BSE at 10:08 am on Thursday.