IEX Reports 15.9 Percent Growth in Q1 FY27 Electricity Trading Volumes Amid Record Summer Power Demand

Indian Energy Exchange for the first quarter of the fiscal year 2027, achieved electricity traded volume of 37,534 MU, marking a 15.9 percent year on year increase. The Market Clearing Price in the Day-Ahead Market at INR 5.1/unit during Q1 FY’27 increased 15.7 percent compared to Q1 FY’26. Similarly, the Market Clearing Price in the Real-Time Market at INR 4.5/unit during Q1 FY’27 increased 13.8 percent compared to Q1 FY’26. A total of 9.77 lakh Renewable Energy Certificates were traded during the quarter, though REC volumes declined 81.4 percent year-on-year.

During the first quarter of this financial year, India experienced hotter-than-normal summers marked by persistent heatwaves and above-normal temperatures and India’s peak power demand surged to an all-time high of 270.8 GW in May 2026. Consequently, the country's energy consumption touched 485.4 BUs in Q1FY’27, registering a year-on-year growth of 8.8 percent.

In June’26, IEX achieved a monthly electricity traded volume of 12,210 MU, a 12.5 percent increase year-on-year. A total of 2.49 lakh Renewable Energy Certificates were traded during the month, though REC volumes declined 92.3 percent year-on-year.

According to government data published in June 2026, the country’s energy consumption reached 166.5 BUs, reflecting an 11.6 percent year-on-year growth due to heat waves and the late onset of monsoon. India witnessed its driest June in over a decade, with the Southwest monsoon rainfall ending the month nearly 40 percent below the long-period average. The surge in power demand pushed prices higher in the DAM and RTM segments.

The Market Clearing Price in the Day Ahead Market at INR 5.2/unit during June 2026, increased 32.4 percent year-on-year. Similarly, the Market clearing price in the Real Time Market at INR 4.4/unit during June 2026, increased 17 percent year-on-year.

The Day-Ahead Market (DAM) including HPDAM achieved 13,344 MU volume in Q1 FY '27 as compared to 12,399 MU volume in Q1 FY '26, an increase of 7.6 percent YoY. The DAM segment including HPDAM achieved 4,304 MU volume in June’26 as compared to 4,610 MU volume in June’25, declining by 6.6 percent YoY.

The Real-Time Electricity Market (RTM) volume increased to 16,019 MU in Q1 FY '27 as compared to 12,975 MU in Q1 FY '26, an increase of 23.5 percent YoY. RTM volume increased to 5,420 MU in June ‘26, from 4,312 MU in June’25, registering an increase of 25.7 percent YoY.

Day Ahead Contingency and Term-Ahead Market (TAM), comprising of HPTAM, contingency, daily and weekly and monthly contracts up to 3 months, traded 5,344 MU in Q1 FY '27 as compared to 4,348 MU in Q1 FY '26, increase of 22.9 percent YoY. The total volume on the segment during June’26 was 1,533 MU as compared to 966 MU in June’25, an increase of 58.7 percent YoY.

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, during Q1FY’27, achieved volume of 2,827 MU, an increase of 6.3 percent over Q1FY’26. The segment achieved 953 MU volume during June’26 as compared to 964 MU in June’25, registering a marginal decline of 1.2 percent YoY. The weighted average price in Green Day-Ahead Market (G-DAM) for June’26 was INR 3.79/unit.

A total of 9.77 lakh RECs were traded during Q1 FY’27, a decline of 81.4 percent YoY. Sell bids declined by 86.1 percent YoY, leading to a rise in clearing prices during Q1FY’27.

A total of 2.49 lakh RECs were traded in the trading sessions held on June 10, 2026 and June 34, 2026, at a clearing price of INR 400/REC and INR 395/REC respectively. REC traded volume in June 2026 decreased by 92.3 percent on YoY basis. Sell bids declined by 85.9 percent YoY, leading to a rise in clearing prices during June 2026.

The next REC trading sessions at the Exchange are scheduled on July 8, 2026 and July 29, 2026.