India, July 4 -- Indian Energy Exchange (IEX) on Friday posted a 15.9 per cent on-year rise in electricity trade volumes to 37,534 million units in the first quarter of this financial year.

The uptick in trading volumes on power exchanges was largely owing to a spike in power demand primarily driven by heavy usage of air conditioners and cooling appliances as persistent heatwaves swept across North, Central, and Eastern India. In June alone, IEX achieved a monthly electricity traded volume of 12,210 million units (MUs), posting a year-on-year (y-o-y) rise of 12.5 per cent, the energy exchange said in a statement.

The Market Clearing Price in the Day-Ahead Market was at Rs 5.1/unit during Q1 FY27, a rise of 15.7 per cent compared to Q1 F...