IEX Power Market Update FY 2025-26
6th April 2026
Indian Energy Exchange, India`s premier electricity exchange, achieved highest ever electricity traded volume of 141 BU in FY`26, registering an increase of 17% on YoY basis. IEX recorded highest ever yearly trade of RECs in FY`26. A total of 187.20 lakh Renewable Energy Certificates were traded during the year, marking 5% year on year increase
During FY’26, the country’s power demand grew by 1.1% on a year-on-year basis. During the fiscal year, enhancedwind, hydro and solar generation alongwith sustained supply from coal-based generation resulted in higher supply liquidity on the exchange platform, leading to a substantial decline in DAM and RTM prices
For FY’26, the Market Clearing Price in the Day-Ahead Market at Rs 3.86/unit declined 13.7% compared to FY’25. Similarly, the Market Clearing Price in the Real-Time Market at Rs 3.59/unit during FY’26 declined 16% compared to FY’25
The Day-Ahead Market (DAM) including HPDAM, achieved 62.78 BU for FY’26, as compared to 61.31 BU in FY’25, registering an increase of 2.4% on YoY basis
The Real-Time Electricity Market (RTM) achieved 54.85 BU for FY’26, as compared to 38.90 BU in FY’25, registering an increase of 41% on YoY basis
Day Ahead Contingency and Term-Ahead Market (TAM), comprising of HPTAM, contingency, daily & weekly and monthly contracts up to 3 months, traded 12.72 BU in FY’26, as compared to 11.77 BU in FY’25, registering an increase of 8.0% on YoY basis
IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 10.78 BU, as compared to 8.75 BU in FY’25 an increase of 23% on YoY basis. The weighted average price in Green Day-Ahead Market (G-DAM) for FY’26 at Rs 3.59/unit declined 10.6% compared to FY’25
REC Market: 187.20 lac RECs were traded during FY’26. REC traded volume in FY’26 increased by 5% on YoY basis