The 6 reports from 3 analysts offering long term price targets
for Indian Energy Exchange Ltd. have an average target of 244.50. The consensus estimate
represents an upside of 4.20%
from the last price of 234.65.
(DAM) in the first nine months of FY21 with a volume growth of c.29%. Majority of the growth has been seen in the last four months to Dec'20 with a volume growth of c.58% year on year. The revival of the industrial activities. According to the data published by the National Load Dispatch Center (NLDC), the national peak demand in December'20 saw 7% YoY increase while the energy consumption registered 5% YoY growth. IEX managed to grow at much higher pace in FY21 despite the Covid-19 disruption. The main reason for the increase in volumes through IEX was the power traded through their platforms offered the customer lowest possible rates suitable for their respective cost saving measures during the lockdown....
IEX saw a marginal increase in revenue growth of ~5% on account of an increase in volumes (~13% YoY), however revenue saw a hit to the tune of ~1213% on account of no trading in REC during the quarter owing to stay order from Honourable Appellate Tribunal for Electricity (APTEL). This affected the total volume growth including REC which saw 3.8% YoY growth during Q2FY21. Other Income saw a decline of 31% YoY on account of lower interest rate as well as no MTM benefit in absence of rate cut during the quarter. Employee expenses saw a steep increase of ~40% YoY on account of fresh hiring for the new products launched during the quarter as well as increments....
Intraday, Daily & Weekly, Day Ahead Contingency Contracts Delivery after 1 hour of auction Priced Discovery: Closed, Double-sided Auction Sellers: RE generators not under feed in tariffs Buyers: Obligated entities; 1 MWh=1 REC Certificates created under Perform Achieve Trade (PAT) scheme of Ministry of Power Industry unable to reduce power consumption- Buy Energy Saving Certificates Source: IEX Investor Presentation...
Contents: Indian Energy Exchange | Long-term play in Short-Term market Summary .................................................................................................................. 3 India's ST Power market accounts for 1011% share................................................ 7 ST market: An inherent dependence remains........................................................... 9 Exchanges v/s other platforms: Flexibility an advantage........................................ 13 Expect PAT growth of 19% CAGR as volumes rise ................................................... 22 Diversifying into gas markets and other products .................................................. 27 Valuation: Buy, with TP of INR250/sh..................................................................... 28...
INDIAN ENERGY EXCHANGE (IEX) | Power Exchange Facilitating Growth in the Power Market Indian Energy Exchange (IEX) is India's leading Power Exchange with a market share of ~95%/40% of spot/short term market. The IEX offers a transparent pricing mechanism and liquidity to participants on its platform. Increasing traction of short term market with shift of volumes towards the power exchanges and with the launch of new products will aid IEX...
Indian Energy Exchange (IEX) is India's no.1 power exchange. We expect increasing power surplus and continuous improvement in power transmission capacity & reach to drive strong growth for the short-term power trading market. CRIS (Crisil Research & Infrastructure Solutions) forecasts the same to grow at a CAGR of over 20% in FY17-22E and forecasts the share of energy exchanges to increase from 34.5% in FY17 to 43% in FY22. This augurs well for IEX given its dominant market share (avg. 93.5% in the last 5 years). We believe that IEX is well placed to drive sustainable growth given the market opportunity, strong & experience management and highly scalable & proven technology...
Their participants registered to trade electricity contracts are located across 29 states and 5 union territories of India and include 50 distribution companies, over 400 electricity generators and over 3,900 open access consumers. In FY17, such participants traded...
Indian Energy Exchange (IEX) is the dominant exchange in India for trading electricity in the country. It has a market share of over ~98% of the volumes in the power exchange industry. Outlook & Valuation: IEX is likely to continue its current growth trajectory as the short-term electricity market would continue its migration away fro..
India Energy exchange Ltd (IEE) is one of the largest exchange for trading in electricity products in terms of traded contracts volumes for FY2017 according to Central Electricity Regulatory commission. IEE primarily brings together sellers of power, such as independent power producers, captive power plant and Government owned power generation companies and buyers of power like distribution companies and industrial, commercial and institutional power consumers.IEE is an online platform which is accessible to registered participants through-out India....
Indian Energy Exchange Ltd. (IEX) is the largest exchange for the trading of a range of electricity products in India, in terms of traded contract volumes in FY17 according to the Central Electricity Regulatory Commission (CERC). Electricity products traded over its electronic trading platform comprise (i) electricity contracts in blocks of 15 minutes in the Day-Ahead-Market (DAM), (ii) electricity contracts for fixed terms in the future, such as intra-day contracts, day ahead contingency contracts and contracts up to 11 days ahead, known as the Term-Ahead-Market (TAM) and (iii) renewable energy certificates (RECs). IEX has commenced the trading of energy saving certificates (ESCerts) on Exchange on September 26, 2017. It is one of two exchanges in India that offer an electronic platform for the trading of electricity products and have a substantial majority market share among the power exchanges in India. The DAM constitutes the substantial majority of the...
Indian Energy Exchange (IEX) is the dominant exchange in India for trading electricity in the country. It has a market share of over ~98% of the volumes in the power exchange industry. Outlook & Valuation: IEX is likely to continue its current growth trajectory as the short-term electricity market would continue its migration away fro..
Indian Energy Exchange Ltd. (IEX) is one of two exchanges in India that offer an electronic platform for the trading of electricity products and have a substantial majority market share in India. The company is coming up with a public issue, were it will sell 6.1mn...
Incorporated in 2007, Indian Energy Exchange Ltd (IEX) is a 'power exchange' offering trading in a range of electricity products in India. IEX Exchange is an online trading platform which is accessible to registered participants. It promotes efficient price discovery and the opportunity to trade in a variety of electricity products. In addition to trade execution, IEX also offers settlement services, including electronic trade confirmation, access to clearing services and risk management functionality. IEX holds 99.4% market share in DAM (Dayahead-market), 67.9% in TAM (Term-ahead-market) and 71.2% market share in RECs...
Indian Energy Exchange (IEX), incorporated in 2008, is one of two power exchanges in India offering an electronic platform to trade electricity products. It has a dominant majority market share of 94.8% compared to its sole competitor. The company provides an automated platform for physical delivery of electricity. IEX enables efficient price discovery and offers participants opportunity to trade in a variety of energy products. Its exchange platform increases accessibility, transparency of the power market in India and enhances speed and efficiency of trade execution. It...
