IEX achieves electricity traded volume of 10,946 MU in May 25′ 

 A total of 17.43 lakh Renewable Energy Certificates were traded during the month, marking a 65 percent year on year increase.

Indian Energy Exchange, India’s premier electricity exchange, achieved monthly electricity traded volume of 10,946 MU in May 25′, marking a 14 percent increase on year-on-year basis. A total of 17.43 lakh Renewable Energy Certificates were traded during the month, marking a 65 percent year on year increase. 

According to government data published in May 2025, the country’s energy consumption stood at 148.7 BUs, marking a 4 percent decline compared to the previous year. Unseasonal rains and the early onset of the monsoon kept temperatures lower than usual, leading to reduced electricity demand. Concurrently, increased hydro, wind, and thermal generation resulted in higher supply liquidity on the exchange platform which led to a substantial drop in DAM and RTM prices. The Market Clearing Price in the Day Ahead Market at ₹4.12/unit during May 2025, declined 22 percent year-on-year. Similarly, the Market clearing price in the Real Time Market at Rs 3.43/unit during May 2025, declined 28 percent year-on-year.

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.

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In May 2025, the Indian electricity markets witnessed mixed trends across segments. The Day-Ahead Market (DAM) registered a traded volume of 3,510 million units (MU), a notable 20 percent decline compared to 4,371 MU in May 2024, reflecting reduced demand possibly due to cooler weather conditions and early monsoon onset. In contrast, the Real-Time Electricity Market (RTM) recorded its highest-ever monthly traded volume, surging 42 percent year-on-year to 4,770 MU from 3,352 MU, indicating increased reliance on real-time power balancing and short-term procurement. The Day-Ahead Contingency and Term-Ahead Market (TAM)—which includes contingency, daily, weekly, and monthly contracts up to three months—traded 1,684 MU, up 38 percent from 1,221 MU in May 2024. This rise suggests a growing preference among participants for more flexible and structured medium-term contracts to manage demand volatility.

Green Market: Green Day-Ahead and Green Term-Ahead Market
IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 915 MU volume during May 25′ as compared to 622 MU in May 24′, registering an increase of 47 percent YoY. The weighted average price in Green Day-Ahead Market (G-DAM) for May’25 was ₹3.59/unit.

Renewable Energy Certificate Market (REC Market)
A total of 17.43 lakh RECs were traded in the trading sessions held on 14th May 25′ and 28th May 25′, at a clearing price of ₹345/REC and ₹349/REC respectively. REC traded volume in May 25′ increased by 65 percent on YoY basis