Indian Energy Exchange (IEX) has achieved the highest ever total volume (including certificates) of 13,250 million units (MU) in July 2024, marking a around 56% year-over-year increase. The electricity volume at 10,093 MU, increased 29% Year-on-Year (YoY). Green electricity volume during the month at 1 BU, grew 259% YoY.
The renewable energy certificates (REC) at 3,150 MU, increased 405% YoY. At Rs 120 per certificate, the REC market recorded an all-time low price in the trading session held on July 31, 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.
According to government data published in July 2024, the country's energy consumption reached 145.4 BUs, representing around 4% increase year-on-year. The Day-Ahead Market (DAM) volume increased to 5,056 MU in July’24, from 3976 MU in July’23, registering an increase of 27% YoY.
The Real-Time Electricity Market (RTM) volume increased to 3,334 MU in July 2024, from 2540 MU in July'23, registering an increase of 31% YoY. Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 712 MU during July 2024.
IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 989.6 MU volume during July 2024 as compared to 275.4 MU in July 2023, registering an increase of 259% YoY. Weighted average price of G-DAM market was Rs 4.34 per unit.
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 | 337.65 |
| Tata Power | 412.60 |
| Power Grid Corp | 321.85 |
| Adani Power | 508.45 |
| Torrent Power | 1630.85 |
| 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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