IEX’s Strong Volume Momentum Continues, Says Motilal Oswal
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Motilal Oswal Report
Electricity volumes on Indian Energy Exchange Ltd. jumped 49% YoY to 7 billion unit, led by -
1. continued growth (up 29% YoY) in day-ahead market (DAM) volumes, and 2. strong volumes for the recently launched real-time market (RTM).
In Q3 FY21, electricity volumes grew 61% YoY to approximately 20 billion unit. While power demand is recovering, volumes on Indian Energy Exchange by itself are impressive.
Based on initial data from Power System Operation Corporation Ltd. and the Ministry of Power, India’s power demand for the quarter is estimated to have risen 6.5% YoY, with a generation of 337 billion units.
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