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IEX Power Trading Jumps Over 17 % in November to 11,409 Million Units

The Indian Energy Exchange (IEX) recorded a significant rise in electricity trading activity in November 2025, with total volumes reaching 11,409 million units (MU) — a 17.7% year-on-year increase.

According to government data for November, India’s overall energy consumption stood at 123.4 billion units (BU), marking a slight 1?cline compared to the previous year.

Higher generation from hydro, solar, and wind improved liquidity on the Exchange, contributing to softer prices in both the Day-Ahead Market (DAM) and Real-Time Market (RTM).

• DAM prices averaged Rs 3.07 per unit, down 6.9% YoY
• RTM prices averaged Rs 3.14 per unit, a 9.2% YoY reduction

These lower prices enabled discoms and C&I consumers to optimise procurement and substitute higher-cost power.

The RTM was one of the strongest-performing segments, with traded volumes rising to 4,233 MU, up from 3,019 MU last year — a 40.2% increase.

The DAM traded 5,668 MU, slightly higher than the 5,651 MU recorded in November 2024.

The Term-Ahead Market, which includes contingency, daily, weekly, and monthly contracts of up to three months, witnessed a sharp rise to 693 MU, compared to 202 MU a year earlier — a 243.1% jump.

Green market activity remained largely stable. The Green DAM and Green TAM together traded 815 MU, nearly unchanged from 818 MU in November last year. The Green DAM’s weighted average price stood at Rs 3.29 per unit.

In the Renewable Energy Certificates (REC) segment, 4.74 lakh RECs were traded across two sessions at clearing prices of Rs 370 and Rs 364 per certificate. Overall REC volumes were 13.1% lower YoY. The next trading sessions are scheduled for December 10 and December 31.