There was an increase of 214% in the green energy market in September, know whether you will get profit in the stock market after this.

Total volume of green energy to reach 11,370 MU in September 2024

The Indian Energy Exchange (IEX) has announced a total monthly volume of 11,370 MU in September 2024, reflecting a year-on-year growth of 24%. This includes 10,332 MU of electricity from renewable sources, marking a 21% increase year-on-year. The trading of Renewable Energy Certificates (RECs) surged to 1,031 MU, doubling the previous year’s figures.

On September 25, 2024, the REC market hit a record low price of ₹110 per certificate, presenting an opportunity for DISCOMs and power producers to fulfill their renewable purchase obligations and sustainability goals.

Indian government released new report

In related developments, government data revealed that India’s total energy consumption remained steady at 141.3 billion units, with favorable monsoon conditions boosting hydro and wind generation. As a result, prices in the Day Ahead Market (DAM) and Real-Time Market (RTM) dropped significantly, enhancing trading volumes.

Day-Ahead Market (DAM)

The DAM experienced a 33% increase, reaching 4,610 MU in September 2024, while total volumes for Q2FY2025 stood at 14,332 MU, up by 27% from the previous year.

Real-Time Market (RTM)

RTM set a record with 3,913 MU traded in September 2024, a 34% year-on-year growth. Its total volume for Q2FY25 reached 10,732 MU, marking a 31% increase from Q2FY24.

Green energy market growth

The IEX Green Market, including the Green Day-Ahead Market, achieved a volume of 723 MU, up 214% from last year. The Green Day-Ahead Market alone saw a remarkable growth of 408%, reaching 712.5 MU in September 2024.