Indian Energy Exchange Limited (IEX) recorded a total electricity traded volume of 12,550 million units (MU) in February 2026, registering a 30.4% year-on-year (YoY) increase compared with the same month last year.
The exchange also achieved its highest daily average electricity traded volume of 448 MU during the month. In addition, 18.86 lakh Renewable Energy Certificates (RECs) were traded on the platform in February 2026, marking a 15.2% YoY increase.
According to government data released in February 2026, India’s energy consumption reached 133 billion units (BU), reflecting a 1.9% increase over the previous year. Despite the rise in electricity consumption, power prices on the exchange remained lower due to improved supply liquidity on the platform. The market clearing price in the Day-Ahead Market (DAM) stood at ₹3.58 per unit, representing an 18.3% YoY decline, while the average price in the Real-Time Market (RTM) was ₹3.59 per unit, down 18.7% YoY.
The lower prices created opportunities for distribution companies (Discoms) as well as commercial and industrial consumers to meet their electricity demand at competitive rates and substitute higher-cost power procurement with exchange-based purchases.
In the electricity market segments, the Day-Ahead Market (DAM) recorded a traded volume of 6,588 MU in February 2026, compared with 5,369 MU in February 2025, reflecting a 22.7% YoY growth. Meanwhile, the Real-Time Market (RTM) registered a significant rise, with volumes reaching 4,379 MU, up from 2,887 MU in the same period last year, representing a 51.7% YoY increase.
The Day-Ahead Contingency and Term-Ahead Market (TAM), which includes contingency, daily, weekly, and monthly contracts of up to three months, traded 775 MU in February 2026, compared with 814 MU in February 2025, reflecting a 4.7% YoY decline.
In the Green Market, comprising the Green Day-Ahead Market (G-DAM) and Green Term-Ahead Market (G-TAM) segments, IEX recorded a traded volume of 808 MU in February 2026, up from 552 MU in February 2025, representing a 46.3% YoY increase. The weighted average price in the Green Day-Ahead Market stood at ₹3.43 per unit, marking a 25.3% YoY decline.
The IEX Green Market, which includes the Green Day-Ahead Market (G-DAM) and Green Term-Ahead Market (G-TAM) segments, achieved a total volume of 808 MU in February 2026, compared with 552 MU in February 2025, representing a 46.3% YoY increase. The weighted average price in the Green Day-Ahead Market during the month stood at ₹3.43 per unit, declining 25.3% YoY.
In the Renewable Energy Certificate (REC) market, a total of 18.86 lakh RECs were traded during the trading sessions held on February 11 and February 25, 2026. The certificates cleared at ₹333 per REC and ₹337 per REC, respectively. The REC traded volume during the month increased 15.2% on a year-on-year basis. The next REC trading sessions at the exchange are scheduled for March 11, 2026, and March 25, 2026.
Indian Energy Exchange Limited is India’s premier energy exchange providing an automated nationwide trading platform for the physical delivery of electricity, renewable energy, and certificates, including renewable energy certificates and energy saving certificates. The platform facilitates efficient price discovery, enhances market transparency, and improves the speed and efficiency of electricity trade execution across the country.
