Indian Energy Exchange | Business Upturn

IEX reports 16.6% growth in April volumes; RTM surges 30% YoY

Markets Desk — Tue, 05 May 2026 10:48:20 +0000

Indian Energy Exchange (IEX) reported a strong operational performance for April 2026, driven by rising electricity demand and robust growth in real-time market volumes.

The exchange recorded a total traded electricity volume of 12,341 million units (MU) during the month, marking a 16.6% year-on-year increase. The growth was supported by higher power demand amid peak summer conditions and dynamic weather patterns.

A key highlight for the month was the sharp rise in the Real-Time Market (RTM), where volumes surged 30.2% YoY to 5,069 MU. Notably, IEX also recorded its highest-ever single-day RTM volume of 250 MU on April 30, underlining increasing adoption of real-time power procurement by market participants.

India’s overall energy consumption touched 154 billion units (BU) in April, up 4% YoY, with peak demand reaching an all-time high of 256 GW during the month.

In the Day-Ahead Market (DAM), volumes stood at 4,624 MU, reflecting an 8.7% YoY increase. Strong demand drove buy bids higher by 31% YoY, while sell bids rose 35% YoY. The average market clearing price in DAM was ₹5.26 per unit, up 1% YoY, although unseasonal rainfall in early April kept prices subdued on certain days.

Meanwhile, the Term-Ahead Market (TAM) recorded volumes of 1,807 MU, registering a 9.1% YoY increase.

The green energy segment also saw steady traction, with the Green Day-Ahead and Green Term-Ahead markets achieving a combined volume of 841 MU, up 7.5% YoY. However, the weighted average price in the green day-ahead market declined 6.9% YoY to ₹3.79 per unit.

On the renewable energy certificates (REC) front, trading activity declined during the month, with 1.18 lakh RECs traded, down 59.4% YoY, although clearing prices saw an uptick due to improved demand dynamics.

Overall, IEX’s April performance highlights strong growth momentum in India’s power markets, particularly in the real-time segment, as consumers and utilities increasingly shift towards flexible and cost-efficient procurement strategies.

Indian Energy Exchange records 16.6% increase in electricity traded volume in April 2026

Kinjal — Tue, 05 May 2026 10:42:41 +0000

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).

Indian Energy Exchange reports ₹492.9 crore PAT for FY26, highest ever traded electricity volume

Yash Agarwal — Thu, 23 Apr 2026 12:48:45 +0000

Indian Energy Exchange (IEX) has announced its audited financial results for the financial year ending March 31, 2026, showcasing significant growth in both revenue and traded volumes. The company reported a consolidated profit after tax (PAT) of ₹492.9 crore for FY26, marking a 15% year-on-year increase.

In FY26, IEX achieved its highest ever traded electricity volume of 141.1 billion units (BU), reflecting a 17% increase compared to the previous year. The standalone revenue for the year stood at ₹744.9 crore, up from ₹654.3 crore in FY25, representing a 13.9% growth. Similarly, the standalone PAT rose to ₹473.7 crore, a 14.2% increase from the previous year’s ₹414.6 crore. Consolidated revenue also saw an uplift, reaching ₹747.0 crore, up 13.6% from ₹657.4 crore in FY25.

For the fourth quarter of FY26, IEX recorded the highest ever quarterly traded electricity volume of 39.4 BU, a 24.3% year-on-year increase. The consolidated PAT for Q4FY26 was ₹129.8 crore, an 11% rise from ₹117.1 crore in Q4FY25. Standalone revenue for the quarter was ₹194.4 crore, up 12.8% from ₹172.2 crore in the same period last year.

The power sector in India saw electricity demand reach approximately 1,709 BUs, with coal production hitting 1,041 million tonnes in FY26. The market clearing price in the Day-Ahead Market decreased by 13.7% to ₹3.86 per unit, while the Real-Time Market price fell by 16% to ₹3.59 per unit.

The Indian Gas Exchange (IGX) traded a record 76.8 million MMBtu of gas in FY26, a 28% year-on-year growth, with a PAT of ₹41.9 crore, up 35% from the previous year. Meanwhile, the Indian Carbon Exchange (ICX) issued 179 lakh I-REC, achieving over 200% growth compared to FY25, with revenue increasing by 126% to ₹7.7 crore.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Indian Energy Exchange achieves highest ever traded electricity volume of 141 BU in FY’26

Yash Agarwal — Mon, 06 Apr 2026 01:46:28 +0000

Indian Energy Exchange, India’s premier electricity exchange, achieved its highest ever electricity traded volume of 141 billion units (BU) in the fiscal year 2026 (FY’26), marking a significant 17% increase on a year-on-year (YoY) basis. This landmark achievement underscores the exchange’s growing influence in the Indian power market.

In FY’26, IEX also recorded its highest ever yearly trade of Renewable Energy Certificates (RECs), with a total of 187.20 lakh RECs traded, reflecting a 5% YoY increase. The country’s power demand during this fiscal year grew by 1.1% YoY, supported by enhanced wind, hydro, and solar generation, alongside sustained coal-based generation, which contributed to higher supply liquidity on the exchange platform.

This increased liquidity led to a substantial decline in prices. The Market Clearing Price in the Day-Ahead Market (DAM) was ₹3.86 per unit, a 13.7% decrease compared to FY’25. Similarly, the Real-Time Market (RTM) saw prices drop to ₹3.59 per unit, a 16% decline from the previous year.

In the fourth quarter of FY’26 (Q4FY’26), IEX achieved its highest ever quarterly electricity traded volume of 39.4 BU, a 24.3% increase YoY. The quarter also saw the highest quarterly trade of RECs, with 71.70 lakh RECs traded, marking a 6.1% YoY increase.

March 2026 was particularly noteworthy, with IEX achieving its highest ever monthly electricity traded volume of 13.90 BU, a 23.5% increase YoY. During the same month, 28.94 lakh RECs were traded, a remarkable 119.9% increase YoY, at a clearing price of ₹340 per REC.

The Day-Ahead Market (DAM) including HPDAM, reached 62.78 BU for FY’26, a 2.4% increase YoY. The Real-Time Electricity Market (RTM) achieved 54.85 BU for FY’26, a 41% increase YoY. The Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 10.78 BU, a 23% increase YoY.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

IEX power market update January 2025: electricity traded volume rises 16% YoY to 10,910 MU, REC trades hit record high

Matrika Shukla — Tue, 04 Feb 2025 10:58:59 +0000

The Indian Energy Exchange (IEX), India’s leading electricity trading platform, recorded a strong start to the year with a 16% year-on-year (YoY) growth in traded electricity volume for January 2025. The exchange reported a total traded volume of 10,910 million units (MU) during the month, reflecting increased participation from power distributors and commercial consumers.

IEX also achieved its highest-ever monthly trade of Renewable Energy Certificates (RECs), with 38.03 lakh RECs exchanged—marking a 150% YoY increase.

The Day-Ahead Market (DAM), a key segment for short-term electricity trading, saw a 9% YoY rise, reaching 6,015 MU in January 2025. Meanwhile, the Real-Time Market (RTM) witnessed even stronger growth, increasing by 28% YoY to 3,036 MU.

Price trends remained favorable for buyers, with the Market Clearing Price in DAM dropping 24% YoY to ₹4.43 per unit. This price dip allowed distribution companies (Discoms) and industrial consumers to procure electricity at more competitive rates.

IEX’s Green Market continued its upward trajectory, achieving a 218% YoY growth in traded volume. The Green Day-Ahead Market (G-DAM) surged by 235%, reaching 702 MU, while the Green Term-Ahead Market (G-TAM) grew 89% YoY, trading 50 MU during the month.

With India’s growing focus on renewable energy adoption, the surge in green power trading highlights the increasing role of exchanges in supporting sustainable energy transition.

REC trading

January 2025 saw the highest-ever trade of Renewable Energy Certificates on IEX, with 38.03 lakh RECs traded across two sessions at prices ranging between ₹325 and ₹340 per REC. This remarkable 150% YoY increase reflects strong demand for compliance with renewable purchase obligations (RPOs) among industries and power companies.

The next REC trading sessions at IEX are scheduled for February 12 and February 26, 2025.

According to government data, India’s total energy consumption in January 2025 stood at 137.5 billion units (BUs), marking a 2.7% increase YoY. The growing electricity demand, coupled with improved supply-side liquidity, has supported IEX’s expansion and price stability.

As India continues its energy transition, IEX remains a crucial player in enhancing market efficiency, price discovery, and access to green energy.

IEX achieves 9,689 MU electricity trade volume in November 2024, marking 16% growth YoY

Matrika Shukla — Tue, 03 Dec 2024 10:57:19 +0000

Indian Energy Exchange Limited (BSE: 540750, NSE: IEX), India’s leading electricity trading platform, announced a substantial achievement for November 2024. The platform recorded a total electricity trade volume of 9,689 million units (MU), reflecting a robust 16% year-on-year (YoY) growth.

The Day-Ahead Market (DAM) contributed 5,651 MU to the total volume, showcasing a 9.8% YoY increase. Meanwhile, the Real-Time Market (RTM) saw significant growth, with 3,019 MU traded, marking a 28% YoY rise. The term-ahead market, which includes contingency and daily contracts, recorded a smaller share of 202 MU.

The Green Market, comprising the Green Day-Ahead Market (G-DAM) and Green Term-Ahead Market (G-TAM), achieved a remarkable 332% YoY growth, with 818 MU traded. The G-DAM segment accounted for 793 MU, while G-TAM traded 25 MU, emphasizing the growing adoption of renewable energy solutions.

Despite the increased electricity demand, market clearing prices remained favorable. The Day-Ahead Market’s clearing price stood at ₹3.30/unit, down 17% YoY, and the RTM clearing price was ₹3.46/unit, reflecting a 13% decline. These low prices present cost-effective opportunities for Discoms and Open Access consumers to optimize their power purchases.

The Renewable Energy Certificate (REC) Market saw the trading of 5.46 lakh RECs across two sessions in November 2024. Clearing prices for these sessions were ₹140/REC and ₹190/REC, respectively, underscoring the sustained interest in green certificates.

Indian Energy Exchange reports 4% YoY increase in total electricity traded volume

Aman Shukla — Tue, 05 Nov 2024 10:41:56 +0000

The Indian Energy Exchange (IEX) has announced impressive trading volumes for October 2024. The exchange reported a total electricity traded volume of 9,642 million units (MU), reflecting a 4% year-on-year increase. A standout achievement for the month was the trading of 4.44 lakh renewable energy certificates, which soared by an astonishing 105% compared to the previous year.

According to government data, India’s total energy consumption reached 140.4 billion units (BUs) in October 2024, marking a 1% increase from last year. The Market Clearing Price (MCP) in the Day Ahead Market (DAM) dropped to Rs 3.92/unit, a significant decline of 39% year-on-year. Similarly, the Real-Time Market (RTM) recorded an MCP of Rs 3.77/unit, down 38% from the previous year. These lower prices offer a valuable opportunity for Distribution Companies (Discoms) and Open Access consumers to procure cheaper electricity via exchanges.

In October 2024, the DAM recorded a volume of 4,388 MU, down 7% year-on-year from 4,742 MU in October 2023.

The RTM volume surged to 3,123 MU, representing a 30% increase from 2,402 MU in the same month last year.

Day Ahead Contingency and Term-Ahead Market segment saw a decline, trading 1,260 MU compared to 1,911 MU in October 2023, a drop of 34% year-on-year.

The IEX Green Market, which includes the Green Day-Ahead Market (G-DAM) and Green Term-Ahead Market (G-TAM), witnessed remarkable growth. The G-DAM achieved a volume of 829 MU, up 358% year-on-year, with a weighted average price of Rs 3.60 per unit. The G-TAM also saw impressive gains, trading 43 MU compared to just 7 MU in October 2023, reflecting a 498% increase. The average monthly prices for green energy were Rs 3.49/unit for Solar, Rs 8.02/unit for Non-Solar, and Rs 5.03/unit for Hydro.

IEX shares slip over 4% today as reports suggest that coupling of power exchanges in on Govt’s radar

Aditya Bhagchandani — Tue, 24 Sep 2024 05:03:59 +0000

Indian Energy Exchange (IEX) shares dropped by over 4% today following a report from ET Now that the government is considering coupling power exchanges. This potential move has raised concerns among investors, leading to a decline in IEX’s stock.

Power exchange coupling refers to a mechanism that enables the integration of multiple power exchanges to ensure uniformity in prices across platforms.

ET Now stated that the government is moving ahead with the market coupling proposal.

According to ET Now Power Ministry asked GRID-INDIA to complete pilot study on time. Grid Controller of India is conducting pilot study under the direction of CERC.

GRID-INDIA is expected to send a report within a month are various technical aspects are completely examined after which CERC will take a final call.

According to the reports of ET Now Power Ministry is planning to implement a new mechanism, either by the end of current financial year or start of FY26. Market coupling will establish a uniform market clearing price.

As of 10:33 am the shares of IEX were trading 4% lower at ₹229.82 on NSE.

Indian Energy Exchange Share Price history

Day	Open	Close	Day’s change
Mon, Sep 23 2024	₹231.85	₹239.37	+3.47%
Fri, Sep 20 2024	₹226.45	₹231.35	+2.64%
Thu, Sep 19 2024	₹228.25	₹225.41	-1.17%
Wed, Sep 18 2024	₹221.99	₹228.07	+2.78%
Tue, Sep 17 2024	₹222.05	₹221.90	+0.44%
Mon, Sep 16 2024	₹219.51	₹220.93	+0.85%
Fri, Sep 13 2024	₹216.75	₹219.07	+1.18%
Thu, Sep 12 2024	₹215.05	₹216.52	+2.20%

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