IEX overall trade volume rises 19% to 28,178 million units in Apr-Jun

The Indian Energy Exchange (IEX) on Tuesday posted a 19 per cent growth in its overall trade volume to 28,178 million units in the April-June period of FY25.

The exchange achieved 23,680 million units (MU) overall trade volume in the year-ago period.

"For the first quarter, IEX achieved electricity volume of 28,178 MU, an increase of 19 per cent year-on-year (y-o-y). Total volume for the quarter, including certificates, was at 30,354 MU, up 20.8 per cent from 25,125 MU in Q1 FY24," it said.

In June alone, volume trade was 10,185 MU, 24.7 per cent higher from 8,168 MU in June 2023. The total volume in the month, including certificates, increased 19.4 per cent to 10,677 MU from 8,946 MU a year ago.

Hot weather conditions led to an unprecedented surge in electricity demand during the first quarter of this financial year. The country's energy consumption of 452 BUs in Q1 FY25 was 11.2 per cent higher compared to Q1 FY24.

During the quarter, the country's peak demand reached 250 GW, ..