IEX's total volume fell 7% on year-on-year basis in February 2023

Indian Energy Exchange (IEX), on Friday, said it has achieved a total volume of 8,200 MU in February 2023, which was down 7 percent on a year-on-year basis. The volume includes Green Power trade of 341 MU, 3.74 lac RECs (equivalent to 374 MU), and 1.54 ESCerts (equivalent to 154 MU).

The electricity volume on the exchange came in at 7,673 MU in February, which was 6 percent lower on a year-on-year basis and 7 percent lower on a month-over-month basis.

The average daily volume traded on the exchange rose by 5 percent month-over-month in the reported month. But the lesser number of trading days in February led to a decline of 5 percent month-over-month in the overall volume, the energy exchange added.