IEX CEO reveals key drivers of August volume growth

According to Rohit Bajaj, Managing Director, Indian Energy Exchange, the company has been seeing good growth across all its businesses, with real-time and green markets and renewable energy certificates emerging as key players.

IEX informed exchanges on September 2 that its subsidiary, International Carbon Exchange, had entered into an “issuer agreement” with the International Tracking Standard Foundation and Evident EV. The agreement authorizes ICX to issue international renewable energy certificates in the Indian market.

“Overall, we are seeing very good growth, but if you ask me which products are contributing the most, I would say real-time markets, organic markets and certifications,” Bajaj told NDTV Profit in an interview.

Bajaj said the company reported 36% year-on-year growth in August, driven by the power exchange and renewable certificates segments. “On the power side, we saw the highest volume ever in the month in real-time markets and green markets have started to grow very well since July. Day-ahead, which is our largest market, has also started to do really well,” he said.