INDIA - Adding the 3.72 lakh RECs, which is the equivalent of 372 MU, the total volume traded in November 2022 was 7,764 MU.

T&D India has announced that Indian Energy Exchange (IEX) achieved a 7,392 million kWh (MU) volume of electricity traded in November 2022, representing a 9 percent growth over the comparable level in November 2021.

This volume included 354 MU of green power trade. Adding the 3.72 lakh RECs, which is the equivalent of 372 MU, the total volume traded in November 2022 was 7,764 MU. This was 16 percent lower year-on-year, on account of abnormally high volumes of RECs traded in November 2021 (at 24.4 lakh RECs or 2,440 MU).  It may be recalled that trading in RECs resumed in November 2021 after a 16-month hiatus.

Source: T&D India