IEX Reports Over 16 Percent YoY Growth in Power Trade Volume in October 2025

The Indian Energy Exchange (IEX) reported a traded volume of 11,233 MU in October 2025, up 16.5 percent year-on-year, driven by stronger renewable generation and steady coal output.

According to official data, India’s energy consumption in October stood at 132 billion units (BU), reflecting a 6 percent decline from the previous year. Increased hydro, wind, and solar generation helped ease supply constraints, while consistent coal generation maintained grid stability. This led to higher liquidity on the exchange and a sharp fall in market prices.

The average market clearing price in the Day-Ahead Market (DAM) fell 32 percent YoY to INR 2.67/unit, while the Real-Time Market (RTM) averaged INR 2.73/unit, down 27.8 percent YoY. The lower prices offered distribution companies and commercial & industrial (C&I) consumers the opportunity to source affordable power and reduce procurement costs.

The Day-Ahead Market (including HPDAM) traded 4,684 MU during the month, up 6.7 percent YoY, accounting for 38.7 percent of total traded volume.

The Real-Time Market recorded 4,583 MU, a strong 46.8 percent increase YoY, representing 37.8 percent of overall trade. Meanwhile, the Term-Ahead Market (TAM), which includes contingency, daily, weekly, and up-to-three-month contracts, traded 911 MU, down 27.7 percent YoY due to subdued demand in longer-tenure contracts.

The IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead segments, traded 1,055 MU, registering a 21 percent YoY growth. The weighted average price in the Green Day-Ahead Market (G-DAM) was INR 2.47/unit, underscoring the cost competitiveness of renewable power on the exchange.