Indian Energy Exchange (IEX) reported a strong performance for May 2025, with total monthly electricity traded volume rising 14% YoY to 10,946 million units (MU). The growth was supported by robust activity across the Day-Ahead, Real-Time, and Term-Ahead Markets, the company said.
A total of 17.43 lakh Renewable Energy Certificates (RECs) were traded in the month, marking a 65% YoY increase.
Government data published in May showed India’s energy consumption stood at 148.7 BU, a 4% decline YoY, due to unseasonal rains and an early monsoon which reduced demand for electricity. Improved hydro, wind, and thermal generation also boosted supply, contributing to a drop in market prices.
During May, the Market Clearing Price in the Day-Ahead Market (DAM) averaged ₹4.12/unit, down 22% YoY, while the Real-Time Market (RTM) clearing price averaged ₹3.43/unit, down 28% YoY.
Segment-wise trends:
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Day-Ahead Market (DAM): Traded 3,510 MU, down 20% YoY.
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Real-Time Market (RTM): Achieved record monthly volume of 4,770 MU, up 42% YoY from 3,352 MU in May 2024.
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Day Ahead Contingency & Term-Ahead Market (TAM): Rose 38% YoY to 1,684 MU, up from 1,221 MU in May 2024.
IEX said that the improved market liquidity and lower prices have presented a valuable opportunity for discoms and commercial & industrial consumers to meet their power demand more cost-effectively via the exchange.
