IEX continues to reinforce its market leadership with an 83-84 percent share in electricity trading, benefiting from India's increasing power demand and regulatory support. The company is expanding into new trading platforms, including the Indian Gas Exchange (IGX), international carbon exchange, and coal exchange, further strengthening its moat. The anticipated 25% volume growth in FY25, coupled with supportive regulatory environment and a robust balance sheet, IEX offers good growth visibility. Despite regulatory risks, IEX's diversification into newer markets ensures continued competitiveness and earnings visibility.
Changing power usage patterns, rising use of intermittent solar and wind energy and increasingly frequent extreme weather events have complicated demand forecasting, requiring systemic reforms.
Power demand as well as consumption showed marginal growth mainly due to a higher base effect, experts said
The ongoing summer season's previous highest demand of 239.96 GW was recorded on May 24 this year.
Forthcoming general election adds to summer heat on electricity demand as consumption is set to spike
As on April 26, the contribution of renewable energy sources (RES) such as solar, wind and biomass to meet the power demand was 11 percent, whereas, the share of coal-fired thermal power plants was 77 percent.
NTPC will likely award construction orders for about 4.5 gigawatts of coal-fired capacity during the fiscal year that began this month, according to an official aware of the plans