The Indian Energy Exchange (IEX) recorded a 6.5% year-on-year increase in electricity traded volume, reaching 10,852 million units (MU) in June 2025. In the same period, 32.32 lakh Renewable Energy Certificates (RECs) were traded, marking a sharp 636% rise from June 2024.
For the first quarter of FY26, IEX reported 32,382 MU in total electricity traded volume, up 15% year-on-year. The REC segment saw 52.65 lakh certificates traded, up 149% from the year-ago period. These figures come despite a 1.5% dip in national energy consumption in June due to early monsoons, according to government data.
Lower demand and improved supply liquidity led to a decline in prices across key markets. The Day-Ahead Market (DAM) saw prices fall 28% YoY to Rs 3.90/unit in June. Real-Time Market (RTM) prices were down 26% to Rs 3.73/unit. For Q1 FY26, average DAM and RTM prices fell 16% and 20% respectively, with heavy rainfall on May 25 pushing RTM rates as low as Rs 1.53/unit.
Market activity varied by segment. DAM volumes dipped 5% in June and 7% in Q1, while RTM grew 34% YoY in June and 41% in Q1. Term-Ahead and Contingency segments fell 30% in June but rose 12% for the quarter. The Green Market traded 964 MU in June, up 30% YoY, and 2,660 MU in Q1 FY26, a 51% increase.
The next REC trading sessions are scheduled for July 9 and July 30, 2025.
