IEX reports 737% YoY growth in Renewable Energy Certificates

Indian Energy Exchange Ltd (IEX) rose by 1.2% after the company reported 36% YoY increase in total volume for August, reaching 12,040 MU, including a record RTM volume of 3,485 MU. DAM prices fell 38% YoY, while REC volumes surged 737% YoY to 2,116MU. IEX provides an automated trading platform for the physical delivery of power, renewables, and certificates.