Indian Energy Exchange (IEX) reported a 16.1% year-on-year (YoY) increase in electricity traded volume to 35,217 MU (excluding TRAS) in Q2 FY26, reflecting improved supply liquidity from hydro, wind, and coal-based generation. TRAS volume surged to 603 MU, compared to 16.9 MU in the same quarter last year.

During the quarter, IEX traded 44.22 lakh Renewable Energy Certificates (RECs), marking a 30% YoY decline. The Market Clearing Price (MCP) in the Day-Ahead Market (DAM) averaged Rs 3.93/unit, down 12.5% YoY, while the Real-Time Market (RTM) price fell 16.1% YoY to Rs 3.51/unit.

In September 2025, IEX recorded a monthly electricity traded volume of 11,065 MU (excluding TRAS), up 7.1% YoY. TRAS volume rose sharply to 289 MU from 6.7 MU a year earlier. However, REC trades declined 39% YoY to 6.27 lakh certificates, with prices between Rs 365–Rs 370 per REC.

According to government data, India’s energy consumption reached 145.91 BU in September 2025, a 3.2% increase YoY. The DAM MCP stood at Rs 3.58/unit, down 14.5%, while RTM MCP declined 16.8% to Rs 3.31/unit, offering Discoms and C&I consumers the opportunity to procure cheaper power through exchanges.

Segment Highlights (Q2 FY26):

Day-Ahead Market (DAM): 14,534 MU, up 1.4% YoY; accounted for 36.1% of total volumes.

Real-Time Market (RTM): 14,925 MU, up 39.1% YoY; accounted for 37.1% of total volumes.

Term-Ahead Market (TAM): 2,719 MU, up 1% YoY.

Green Market (GDAM & GTAM): 3,040 MU, up 17.7% YoY; September volume up 50% YoY to 1,084 MU at Rs 3.15/unit.

The next REC trading sessions on the IEX platform are scheduled for October 8 and October 29, 2025.