Indian Energy Exchange (IEX) has achieved monthly overall volume of 10,633 million units (MU), in May 2024, marking a 28.9% Year-over-Year (YoY) increase. The electricity volumes at 9,568 MU, increased 21% YoY. The renewable energy certificates (REC) at 1,055 MU, increased 640.3% YoY. At Rs 165 per certificate, the REC market recorded an all-time low price in the trading session held on May 29, 2024. These prices provide an opportunity to obligated entities (DISCOMS and Captive Power Producers) to meet their Renewable Purchase Obligations, and voluntary customers to meet their sustainability aspirations.
Proactive measures taken by the government and the regulators, including the sale of surplus unrequisitioned power on power exchanges, increased fuel supply and ensuring higher availability of generating units led to an increased sell liquidity on the exchanges which kept the prices under control on exchanges. Therefore, despite the increase in the electricity consumption the market clearing price in Day Ahead Market during May 2024 was Rs 5.3/unit, lower by more than 20% as compared to prices discovered under bilateral contracts.
According to government data published in May 2024, the country's energy consumption reached 156.3 BUs, representing 15% increase on a YoY basis. Notably, on May 30, 2024, the country witnessed an all-time high peak demand of 250 GW along with the highest ever single day energy consumption of 5,466 MU.
IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.
| Company Name | CMP |
|---|---|
| NTPC | 332.25 |
| Tata Power | 352.55 |
| Power Grid Corp | 267.35 |
| Adani Power | 507.90 |
| Torrent Power | 1329.05 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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