IEX records 16.5 % rise in power trade as lower prices boost market liquidity

Indian Energy Exchange (IEX) reported a significant rise in electricity trading volume for October 2025, with a monthly total of 11,233 MU, reflecting a 16.5% increase year-on-year (YoY).

Indian Energy Exchange, India’s premier electricity exchange, achieved a monthly electricity traded volume (excluding TRAS) of 11,233 MU in October ’25, marking a 16.5% increase on a year-on-year basis. A total of 6.19 lakh Renewable Energy Certificates were traded during the month, marking a 39.4% year-on-year increase.

According to government data published in October ’25, the country’s energy consumption reached 132 BUs, a decline of 6% compared to the previous year. Enhanced hydro,

, and solar generation, combined with a steady supply from coal-based generation, resulted in higher supply liquidity on the exchange platform, leading to a decline in DAM and RTM prices. The market clearing price in the Day Ahead Market at ₹2.67/unit during October ’25 declined 32% YoY. Similarly, the price in the Real Time Market at ₹2.73/unit during October ’25 declined 27.8% YoY.

These prices presented an opportunity for Discoms and commercial & industrial consumers to meet their demand at a competitive price and to replace their costlier power by procuring through exchanges.

Electricity market: Day- ahead, term- ahead & real-time market

The Day-Ahead Market (DAM), including HPDAM, achieved 4,684 MU volume in October ’25 as compared to 4,388 MU volume in October ’24, an increase of 6.7% YoY. The DAM segment accounted for 38.7% of the total traded volumes in October ’25.

The Real-Time Electricity Market (RTM) volume increased to 4,583 MU in October ‘25, from 3,123 MU in October ’24, registering an increase of 46.8% YoY. The RTM segment accounted for 37.8% of the total traded volumes in October ’25.

Day Ahead Contingency and Term-Ahead Market (TAM), comprising of HPTAM, contingency, and daily, weekly, and monthly contracts up to 3 months, traded 911 MU in October’25 as compared to 1,260 MU volume in October’24, a decline of 27.7% YoY.

Green market: Green day-ahead & green term-ahead market

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 1,055 MU volume during October ’25 as compared to 872 MU in October ’24, registering an increase of 21% YoY. The weighted average price in the Green Day-Ahead Market (G-DAM) for October ’25 was ₹2.47/unit.

Renewable energy certificate market (rec market)

A total of 6.19 lakh RECs were traded in the trading sessions held on 08th October ’25 and 29th October ’25, at a clearing price of Rs.370/REC. REC traded volume in October’25 increased by 39.4% on a YoY basis. The next REC trading sessions at the Exchange are scheduled on 12th Nov’25 and 26th Nov’25.