Indian Energy Exchange (IEX), India’s premier electricity exchange, achieved its highest-ever electricity traded volume of 121 BUs in FY’25, marking a 19% YoY growth. Additionally, IEX recorded its highest-ever yearly trade of Renewable Energy Certificates (RECs), with 178 lakh RECs traded, reflecting a 136% YoY surge.
Power Demand
India’s power demand grew by 4.4% YoY in FY’25. The Ministry of Power implemented strategic measures such as optimizing coal supply, ensuring gas-based plant availability, and boosting liquidity in the power market. These initiatives helped keep power prices competitive, leading to a 15% YoY decline in the Day-Ahead Market (DAM) clearing price to ₹4.47/unit.
Quarterly and Monthly Performance Highlights
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Q4FY’25: IEX recorded 31,747 MU traded electricity (up 18% YoY) and 68 lakh RECs traded (108% YoY growth).
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March 2025: IEX achieved a record 11,215 MU traded electricity (29% YoY increase) and 13 lakh RECs traded (18% YoY growth).
Electricity Market Growth
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Day-Ahead Market (DAM): Traded 61,311 MU in FY’25, up 15% YoY.
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Real-Time Market (RTM): Traded 38,896 MU, up 29% YoY.
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Green Market: Achieved 8,746 MU trading volume, marking an impressive 171% YoY growth.
Renewable Energy Certificate (REC) Market
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March 2025: 13 lakh RECs traded at an average price of ₹347-₹348/REC (18% YoY increase).
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FY’25: 178 lakh RECs traded, a 136% YoY rise.
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Upcoming REC Trading Sessions: Scheduled on April 9 and April 30, 2025.
