The Indian Energy Exchange (IEX) recorded a 9% year-on-year increase in traded electricity volume, reaching 9,622 million units (MU) in February 2025. The exchange also witnessed a 167% surge in Renewable Energy Certificates (RECs) traded, reflecting growing participation in the green energy segment.
Electricity Market Performance
- Day-Ahead Market (DAM): Traded 5,369 MU, marking a 14% YoY growth from 4,722 MU in February 2024.
- Real-Time Market (RTM): Traded 2,887 MU, growing 23% YoY from 2,340 MU last year.
- Term-Ahead Market (TAM): Recorded 814 MU in February 2025, declining 45% YoY.
Renewable Energy Market Growth
- Green Market: Registered a significant 85% YoY growth, trading 552 MU compared to 298 MU in February 2024.
- Green Day-Ahead Market (G-DAM): Achieved 519 MU, increasing 95% YoY.
- Green Term-Ahead Market (G-TAM): Traded 33 MU, showing a 3% YoY growth.
- REC Market: IEX traded 16.37 lakh Renewable Energy Certificates, marking a 167% YoY increase, with clearing prices of ₹350/REC and ₹349/REC on February 12 and 27, respectively.
Lower Market Clearing Price
The Day-Ahead Market clearing price averaged ₹4.38 per unit, down 11% YoY, due to higher supply-side liquidity despite rising power demand. This decline in prices benefited Discoms and commercial buyers looking for cost-effective electricity procurement.
Rising Energy Demand
India’s peak power demand touched 238 GW on February 7, 2025, compared to 222 GW on February 23, 2024, reflecting a strong 7% rise in daily energy consumption due to unseasonal warm weather.
With continued expansion in power trading volumes and robust growth in green energy transactions, IEX remains a crucial platform in India’s evolving energy market.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
