IEX Electricity Trading Volume Rises 30.4 Percent YoY to 12,550 MU in February

Indian Energy Exchange Ltd. (IEX) reported a 30.4 percent year-on-year increase in electricity traded volume to 12,550 million units (MU) in February 2026, reflecting higher participation and liquidity on the power trading platform.

The exchange also recorded its highest-ever daily average electricity volume of 448 MU during the month. In addition, 18.86 lakh Renewable Energy Certificates (RECs) were traded in February, registering a 15.2 percent increase compared to the same period last year.

According to government data, India’s electricity consumption reached 133 billion units (BU) in February 2026, up 1.9 percent year-on-year. Despite the rise in consumption, power prices on the exchange declined due to higher supply liquidity. The market clearing price in the Day-Ahead Market (DAM) averaged INR 3.58 per unit, down 18.3 percent YoY, while the Real-Time Market (RTM) price averaged INR 3.59 per unit, a decline of 18.7 percent YoY.

In the Day-Ahead Market, traded volume stood at 6,588 MU in February 2026, compared with 5,369 MU in February 2025, marking a 22.7 percent increase. The Real-Time Market registered strong growth, with volumes rising to 4,379 MU from 2,887 MU a year earlier, reflecting a 51.7 percent year-on-year increase.

The Day-Ahead Contingency and Term-Ahead Market (TAM), which includes contingency, daily, weekly and monthly contracts up to three months, recorded 775 MU of traded volume, slightly lower than 814 MU in February 2025.

In the green energy segment, the IEX Green Market, comprising the Green Day-Ahead Market (G-DAM) and Green Term-Ahead Market, achieved 808 MU traded volume in February 2026, up 46.3 percent from 552 MU in the same month last year. The weighted average price in G-DAM stood at INR 3.43 per unit, declining 25.3 percent year-on-year.

In the Renewable Energy Certificate (REC) market, 18.86 lakh RECs were traded during sessions held on February 11 and February 25, clearing at INR 333 per REC and INR 337 per REC, respectively. The next REC trading sessions at the exchange are scheduled for March 11 and March 25, 2026.

IEX said that the lower prices on the exchange platform enabled discoms and commercial and industrial consumers to meet power demand at competitive rates by replacing costlier electricity procurement.