Indian Energy Exchange (IEX) reported its highest-ever electricity traded volume of 141 billion units (BU) in FY26, registering a 17% year-on-year growth. The exchange also recorded its highest annual trading of Renewable Energy Certificates (RECs), with 187.2 lakh RECs traded, up 5% YoY.

India’s overall power demand grew modestly by 1.1% during FY26. However, improved generation from wind, hydro, solar, and consistent coal-based supply led to higher liquidity on the exchange, resulting in lower power prices. The Day-Ahead Market (DAM) clearing price declined 13.7% YoY to Rs 3.86/unit, while the Real-Time Market (RTM) price fell 16% YoY to Rs 3.59/unit.

For Q4FY26, IEX posted its highest-ever quarterly electricity volume at 39.4 BU, up 24.3% YoY. REC trading during the quarter stood at 71.7 lakh units, rising 6.1% YoY.

In March 2026, IEX achieved record monthly volumes of 13.9 BU, marking a 23.5% YoY increase. REC volumes surged sharply to 28.94 lakh units, up 119.9% YoY.

As per government data, India’s energy consumption rose 1.8% YoY to 149.56 BU in March. Despite higher consumption, power prices remained under pressure due to strong supply. The DAM price declined 6% YoY to Rs 4.20/unit, while the RTM price fell 10.5% YoY to Rs 3.71/unit.