Total traded volume at Indian Energy Exchange up by 6.5% in June
By Shishta Dutta | Updated at: Oct 14, 2025 02:16 PM IST
Mumbai, 3 July 2025: Indian Energy Exchange Ltd (NSE: IEX, BSE: 540750), India’s leading platform for electricity trading, reported strong growth in its June 2025 and Q1 FY26 performance. The rise in real-time market activity and record-high renewable energy certificate (REC) trading volumes has significantly boosted the exchange’s overall figures.
Monthly Trading Rises in June as Demand Grows and Prices Fall
The exchange recorded a 6.5% year-on-year (YoY) rise in total traded volumes for June 2025, reaching 10,852 million units (MU), compared to 10,188 MU in June 2024. A sharp increase in real-time market (RTM) volumes and growth in the green energy segment contributed to the overall rise.
The average price in the Day-Ahead Market (DAM) dropped 28% YoY to ₹3.90 per unit in June, resulting in reduced procurement costs for discoms and large consumers. REC trading surged, with volumes reaching 32.32 lakh, up 636% YoY, showing heightened interest in renewable energy compliance.
Monthly Performance – June 2025
| Metric | June FY25 | June FY24 | YoY Growth |
|---|---|---|---|
| Total Traded Volume | 10,852 MU | 10,188 MU | +6.5% |
| RTM Volume | 4,312 MU | 3,213 MU | +34% |
| Green Market Volume | 964 MU | 744 MU | +30% |
| REC Traded | 32.32 lakh | 4.39 lakh | +636% |
| Avg. DAM Price | ₹3.90/unit | ₹5.42/unit | -28% |
The increased RTM activity is attributed to utilities seeking flexible procurement amid changing demand, while falling DAM prices favoured buyers.
Quarterly Trade Volumes Cross 32,000 MU with Notable Growth in Green Energy
IEX recorded 32,382 MU in total electricity volumes during Q1 FY26, reflecting a 15% YoY rise from Q1 FY25. The RTM segment continued to outperform, with volumes climbing 41% YoY to 12,975 MU. Green market volumes rose 51% YoY, showing rising participation in clean energy procurement.
Quarterly Performance – Q1 FY26
| Metric | Q1 FY26 | Q1 FY25 | YoY Growth |
|---|---|---|---|
| Total Traded Volume | 32,382 MU | 28,160 MU | +15% |
| RTM Volume | 12,975 MU | 9,198 MU | +41% |
| Green Market Volume | 2,660 MU | 1,761 MU | +51% |
| REC Traded | 52.65 lakh | 21.12 lakh | +149% |
| Avg. DAM Price | ₹4.41/unit | ₹5.25/unit | -16% |
Favourable weather conditions, particularly heavy monsoon rains on 25 May, led to increased hydro and wind generation, causing RTM prices to fall as low as ₹1.53/unit during peak hours. In some time blocks, prices neared zero, enabling buyers to procure energy at minimal cost.
Electricity Segment: Real-Time Volumes Lead, While DAM and TAM Show Mixed Trends
In the segment-wise breakdown, RTM continued to gain traction while DAM and TAM showed a mixed trend.
- Day-Ahead Market (DAM):
- June volumes: 4,610 MU, down 5% YoY
- Q1 volumes: 12,399 MU, down 7% YoY
- Real-Time Market (RTM):
- June volumes: 4,312 MU, up 34% YoY
- Q1 volumes: 12,975 MU, up 41% YoY
- Term-Ahead Market (TAM):
- June volumes: 966 MU, down 30% YoY
- Q1 volumes: 4,348 MU, up 12% YoY
The growing preference for RTM reflects a shift towards flexible, short-term procurement strategies amid dynamic weather and demand patterns.
Green Market Sees Sharp Rise as Clean Energy Gains Momentum
June saw 964 MU traded in the green market, combining volumes from Green Day-Ahead and Green Term-Ahead segments. The average weighted price stood at ₹3.30/unit. For Q1 FY26, volumes reached 2,660 MU, a 51% YoY increase.
The sustained rise in green energy trade aligns with broader shifts in corporate and institutional strategies focused on renewable sourcing and regulatory compliance.
REC Market Hits Record Volumes, Signalling Strong Compliance Push
The REC market saw significant activity, with 32.32 lakh units traded in June, a remarkable 636% YoY rise. Q1 FY26 volumes climbed 149% YoY to 52.65 lakh units, indicating increased compliance efforts by obligated entities.
Two trading sessions in June cleared at ₹350 and ₹360, showing stable price points. The next sessions are scheduled for 9 July and 30 July 2025.
Widespread Rains and Renewable Generation Lower Prices, Help Buyers Save Costs
Due to widespread rainfall during peak summer months and increased hydro and wind generation, both DAM and RTM platforms saw a fall in prices. This resulted in improved liquidity and cost advantages for discoms and industrial consumers.
About IEX: A Trusted Platform for Efficient Power Procurement
Indian Energy Exchange Ltd, listed on NSE and BSE since October 2017, is India’s premier electronic trading platform for electricity and green energy. Regulated by the Central Electricity Regulatory Commission, IEX plays a pivotal role in price discovery and enhancing energy access across the country. It is ISO-certified and remains a key enabler in the evolving power market.
REF: https://nsearchives.nseindia.com/corporate/IEX_03072025161602_Signed_IEX_Media_Release_Power_Market_Update_June25.pdf
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