Indian Energy Exchange (IEX), India’s leading power trading platform, recorded a strong performance in October 2025 with a total traded electricity volume (excluding TRAS) of 11,233 million units (MU), reflecting a 16.5% year-on-year growth. The exchange also witnessed trading of 6.19 lakh Renewable Energy Certificates (RECs) during the month, up 39.4% YoY, underscoring India’s growing renewable energy participation.
As per government data, India’s overall energy consumption stood at 132 billion units (BUs) in October 2025, marking a 6% decline from the previous year. Increased hydro, wind, and solar generation, coupled with steady coal-based power supply, boosted liquidity on the exchange and resulted in lower prices.
The Market Clearing Price in the Day Ahead Market (DAM) dropped 32% YoY to ₹2.67/unit, while the Real Time Market (RTM) price fell 27.8% YoY to ₹2.73/unit. The lower price environment provided a favorable opportunity for Discoms and commercial and industrial consumers to optimize their power procurement costs through the exchange platform.
