India Energy Exchange (IEX) reported a strong rise in electricity trading during the third quarter of the 2025-26 financial year, with total traded volumes reaching 34.08 billion units (BU), marking an 11.9 percent increase compared with the same period last year, the exchange said.
The exchange’s growth was supported by greater availability of hydro and wind power along with steady coal-based generation, which boosted market liquidity and helped soften power prices across major segments.
In Q3 FY26, the average market-clearing price in the Day-Ahead Market (DAM) stood at ₹3.22 per unit, down 13.2 percent year-on-year, while the Real-Time Market (RTM) price fell 11.6 percent to ₹3.26 per unit. During the quarter, IEX also traded 18.63 lakh Renewable Energy Certificates (RECs).
For the month of December 2025, electricity trading reached 11.44 BU, a 2.8 percent increase from December 2024, with 7.7 lakh RECs traded during the month.
According to recent government data, India’s overall electricity consumption rose about 7 percent year-on-year to 138.39 BU in December. Despite higher demand, average prices in December were slightly higher than a year earlier, with DAM at ₹3.92 per unit and RTM at ₹3.93 per unit, helping utilities and industrial buyers manage rising consumption through exchange markets.
In segment-wise volumes during Q3, DAM recorded 16,250 million units (MU), while RTM saw 12,650 MU. The Term-Ahead Market (TAM) traded 2,535 MU, and the Green Market accounted for 2,647 MU of electricity during the quarter.
