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IEX Records 30.4% Year-on-Year Growth in Electricity Trading Volume, Reaching 12,550 MU in February

The Indian Energy Exchange (IEX) reported a significant rise in electricity trading activity during February 2026, with total traded volume reaching 12,550 million units (MU), marking a 30.4 percent increase compared to the same month last year. The exchange also witnessed strong growth in the real-time market segment, while average electricity prices declined due to improved supply liquidity.

According to the exchange, the daily average electricity volume reached a record 448 MU during the month. Additionally, trading in Renewable Energy Certificates (RECs) totaled 18.86 lakh units in February, reflecting a 15.2 percent increase compared to the corresponding period in the previous year.

Government data showed that India’s total electricity consumption touched 133 billion units (BU) in February 2026, representing a 1.9 percent year-on-year increase. Despite this rise in demand, electricity prices on the exchange declined as supply liquidity in the market improved. The average market clearing price in the Day-Ahead Market (DAM) stood at Rs3.58 per unit, which was 18.3 percent lower than the same period last year. Similarly, the average price in the Real-Time Market (RTM) was Rs3.59 per unit, reflecting a 18.7 percent year-on-year decline.

In the Day-Ahead Market, electricity trading volume reached 6,588 MU in February 2026, compared to 5,369 MU recorded in February 2025, representing a growth of 22.7 percent. Meanwhile, the Real-Time Market experienced notable expansion, with volumes increasing to 4,379 MU from 2,887 MU a year earlier, translating into a 51.7 percent year-on-year rise.

The Day-Ahead Contingency and Term-Ahead Market (TAM), which includes contingency, daily, weekly, and monthly contracts of up to three months, registered a traded volume of 775 MU in February 2026. This was slightly lower than the 814 MU traded in February 2025.

Within the renewable energy segment, the IEX Green Market — which includes the Green Day-Ahead Market (G-DAM) and the Green Term-Ahead Market — recorded a total trading volume of 808 MU during February 2026. This represents a 46.3 percent increase from 552 MU traded in the same month last year. The weighted average price in the G-DAM stood at Rs3.43 per unit, which was 25.3 percent lower compared to the previous year.

In the Renewable Energy Certificate market, a total of 18.86 lakh RECs were traded during sessions conducted on February 11 and February 25. The certificates cleared at prices of Rs333 per REC and Rs337 per REC, respectively. The next REC trading sessions on the exchange are scheduled for March 11 and March 25, 2026.

IEX noted that the decline in electricity prices on its platform enabled distribution companies as well as commercial and industrial consumers to meet their power requirements at more competitive rates by substituting costlier sources of electricity procurement.