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IEX Sees 16.5% Year-on-Year Rise in October Power Trade as Market Prices Ease
Nov 06, 2025
The Indian Energy Exchange (IEX) recorded a total traded volume of 11,233 million units (MU) in October 2025, reflecting a 16.5% increase compared to the same period last year. The surge was primarily driven by stronger renewable generation, consistent coal supply, and enhanced market liquidity that collectively pushed power prices to multi-month lows.
According to official data, India’s overall electricity consumption stood at 132 billion units (BU) in October, about 6% lower year-on-year. The drop in demand was offset by improved renewable output—especially from solar, wind, and hydro sources—which helped maintain grid stability and ensured ample supply on the exchange.
In the Day-Ahead Market (DAM), average prices fell 32% YoY to INR 2.67 per unit, while the Real-Time Market (RTM) averaged INR 2.73 per unit, marking a 27.8?cline. These reduced rates provided distribution utilities and commercial & industrial (C&I) consumers with cost-effective procurement opportunities.
Segment-wise, the DAM (including HPDAM) traded 4,684 MU, a 6.7% growth year-on-year, accounting for nearly 39% of total volumes. The RTM saw the most significant rise, trading 4,583 MU, up 46.8% YoY, representing nearly 38% of the total transactions.
Conversely, the Term-Ahead Market (TAM)—covering contingency, daily, weekly, and up-to-three-month contracts—traded 911 MU, down 27.7% due to muted longer-duration demand.
The Green Market continued its upward trajectory, trading 1,055 MU across the Green Day-Ahead (G-DAM) and Green Term-Ahead (G-TAM) segments, up 21% YoY. The weighted average price in G-DAM was INR 2.47/unit, reinforcing the affordability and competitiveness of renewable electricity on the platform.
The performance highlights IEX’s growing role in enabling flexible, transparent, and cost-efficient power trading while supporting India’s clean energy transition.