New Delhi, March 5 -- The Indian Energy Exchange (IEX), the country's premier electricity trading platform, reported a 15.4 per cent increase in overall trading volume, reaching 9,462 million units (MU) in February 2024, compared to the same period last year.

The increase in volume comes as the Market Clearing Price in the Day Ahead Market dropped by approximately 26 per cent year-on-year to Rs. 4.93 per unit, influenced by a 47 per cent rise in sell bids on the exchange, which includes the Day Ahead Market and Real Time Market.

This growth in trading activity coincides with an 8.5 per cent rise in the country's energy consumption, which hit 127.8 billion units (BUs) in February 2024, as per the latest government data.

Following recent...