Indian Energy Exchange (IEX), India’s leading electricity exchange, reported a significant increase in its monthly electricity traded volume for April 2026, reaching 12,341 million units (MUs). This marks a 16.6% rise compared to the same period last year. During this month, the exchange also traded 1.18 lakh Renewable Energy Certificates (RECs), although this represented a 59.4% decline year-on-year.
India’s energy consumption for April 2026 was recorded at 154 billion units (BUs), reflecting a 4% increase from the previous year. The month was characterised by dynamic weather conditions, including unseasonal rainfall and peak summer heat, which pushed electricity demand to a new high of 256 gigawatts (GW).
In the Day-Ahead Market (DAM), demand surged, resulting in a 31% year-on-year increase in buy bids and a 35% rise in sell bids. The average market clearing price was ₹5.26 per unit, up 1% from the previous year. However, unseasonal rainfall in early April kept DAM prices below ₹3.5 per unit on several occasions, offering DISCOMs and C&I consumers the opportunity to procure power at competitive rates.
The Real-Time Market (RTM) saw prices drop to near-zero levels during several time blocks, driven by surplus renewable energy during solar hours. The average RTM market clearing price was ₹4.82 per unit, a 5.4% increase year-on-year. Notably, the RTM achieved its highest-ever single-day trade of 250 MUs on April 30, highlighting its growing importance in facilitating flexible and cost-effective procurement for DISCOMs and C&I consumers.
The Day-Ahead Market, including HP-DAM, recorded a volume of 4,624 MUs in April 2026, an 8.7% increase from April 2025. The Real-Time Electricity Market volume rose to 5,069 MUs, a 30.2% year-on-year increase. The Day Ahead Contingency and Term-Ahead Market, including HPTAM, traded 1,807 MUs, a 9.1% increase from the previous year.
In the Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, IEX achieved a volume of 841 MUs, a 7.5% increase year-on-year. The weighted average price in the Green Day-Ahead Market for April 2026 was ₹3.79 per unit, a 6.9% decrease from the previous year.
The REC Market saw a total of 1.18 lakh RECs traded, a 59.4% decrease year-on-year. Trading sessions on April 8 and April 29 had clearing prices of ₹339 and ₹370 per REC, respectively. Sell bids decreased by nearly 87% year-on-year, while buy bids increased by 42%, leading to higher clearing prices.
The next REC trading sessions at the Exchange are scheduled for May 13 and May 27, 2026.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).