Indian Energy Exchange (IEX) conducted Q2 FY23 con call on 21 October 2022
Here are the key highlights of the call 👇👇👇
Here are the key highlights of the call 👇👇👇
• Overview
- India is advancing towards carbon neutral economy & co. will be able to achieve 50% clean energy by 2030
- Geopolitical disruptions led to global energy crisis which has resulted in high prices of imported coal & imported gas
- India is advancing towards carbon neutral economy & co. will be able to achieve 50% clean energy by 2030
- Geopolitical disruptions led to global energy crisis which has resulted in high prices of imported coal & imported gas
- To manage power crisis government of India had reduced supply of coal through E-auction
- Government is taking initiatives to cut input cost
- Several regulatory & policy reforms were implemented
- Customer centrecity is in core of business operation
- Government is taking initiatives to cut input cost
- Several regulatory & policy reforms were implemented
- Customer centrecity is in core of business operation
- IGX is growing strength to strength backed by government of india to increase share of gas from 6% - 15% by 2030
- Some cannabalisation in RTM market & mainly it is improving due to higher share of renewable generation
- Most of renewable capacities run under TPA
- Some cannabalisation in RTM market & mainly it is improving due to higher share of renewable generation
- Most of renewable capacities run under TPA
• Financials
- Mild reduction in PMI in September as compared to August due to subdued increase in orders of an increase in input cost
- During quarter electricity consumption growth was 6% YoY basis
- Renewable energy capacity is growing which is 40% of total capacity
- Mild reduction in PMI in September as compared to August due to subdued increase in orders of an increase in input cost
- During quarter electricity consumption growth was 6% YoY basis
- Renewable energy capacity is growing which is 40% of total capacity
- 65% of sale volume was contributed by distribution company
- Domestic coal production has increased 10% on YoY basis
- Dispatch to power sector will increase by 11%
- In H1 volume decline was 2% w.r.t H1 of last quarter
- Domestic coal production has increased 10% on YoY basis
- Dispatch to power sector will increase by 11%
- In H1 volume decline was 2% w.r.t H1 of last quarter
• Government initiatives
- To manage power crisis government of India had reduced supply of coal through E-auction
- Government is taking initiatives to cut input cost
- Several regulatory & policy reforms were implemented
- To manage power crisis government of India had reduced supply of coal through E-auction
- Government is taking initiatives to cut input cost
- Several regulatory & policy reforms were implemented
- Government notified late payment subcharge rule & related matter rules 2022
- Further, generating co. is free to sell unrequisition power to power exchange without consent of beneficiary
- Timely payment by distribution co. to seller will ensure financial discipline
- Further, generating co. is free to sell unrequisition power to power exchange without consent of beneficiary
- Timely payment by distribution co. to seller will ensure financial discipline
- Electricity amendment bill 2022 was introduced in which there is provision to introduce multiple distribution companies in same area
- Energy conservation Act 2022 establish carbon market in country
- Energy conservation Act 2022 establish carbon market in country
- DAM market which has been directed by government of India, will be launched in month of December
- Ancillary market will be functional only after GNA & grid codes are notified
- Ancillary market will be functional only after GNA & grid codes are notified
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