Indian Energy Exchange (IEX), India’s leading electricity exchange, reported a strong performance during the first quarter of FY 2026–27, with electricity traded volume reaching 37,534 million units (MU), registering a 15.9% year-on-year (YoY) growth. The exchange also recorded higher market clearing prices across key market segments, reflecting increased electricity demand driven by extreme summer conditions and record peak power consumption.
During the first quarter of this financial year, India experienced hotter-than-normal summer marked by persistent heatwaves and above-normal temperatures and India’s peak power demand surged to an all-time high of 270.8 GW in May 2026. Consequently, country’s energy consumption touched 485.4 BUs in Q1FY’27, registering a year-on-year growth of 8.8%.
In June’26, IEX achieved a monthly electricity traded volume of 12,210 MU, a 12.5% increase year-on-year. A total of 2.49 lakh Renewable Energy Certificates were traded during the month, though REC volumes declined 92.3% year-on-year.
According to government data published in June 2026, the country’s energy consumption reached 166.5 BUs, reflecting an 11.6% year-on-year growth due to heat waves and the late onset of monsoon. India witnessed its driest June in over a decade, with the Southwest monsoon rainfall ending the month nearly 40% below the long-period average. The surge in power demand pushed prices higher in the DAM and RTM segments.
The Market Clearing Price in the Day Ahead Market at Rs 5.2/unit during June 2026, increased 32.4% year-on-year. Similarly, the Market clearing price in the Real Time Market at Rs 4.4/unit during June 2026, increased 17% year-on-year.
The Day-Ahead Market (DAM) including HPDAM achieved 13,344 MU volume in Q1 FY ’27 as compared to 12,399 MU volume in Q1 FY ’26, increase of 7.6% YoY. The DAM segment including HPDAM achieved 4,304 MU volume in June’26 as compared to 4,610 MU volume in June’25, decline of 6.6% YoY.
The Real-Time Electricity Market (RTM) volume increased to 16,019 MU in Q1 FY ’27 as compared to 12,975 MU in Q1 FY ’26, increase of 23.5% YoY. RTM volume increased to 5,420 MU in June ‘26, from 4,312 MU in June’25, registering an increase of 25.7% YoY
Day Ahead Contingency and Term-Ahead Market (TAM), comprising of HPTAM, contingency, daily & weekly and monthly contracts up to 3 months, traded 5,344 MU in Q1 FY ’27 as compared to 4,348 MU in Q1 FY ’26, increase of 22.9% YoY. The total volume on the segment during June’26 was 1,533 MU as compared to 966 MU in June’25, increase of 58.7% YoY.
IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, during Q1FY’27, achieved volume of 2,827 MU, an increase of 6.3% over Q1FY’26. The segment achieved 953 MU volume during June’26 as compared to 964 MU in June’25, registering a marginal decline of 1.2% YoY. The weighted average price in Green Day-Ahead Market (G-DAM) for June’26 was Rs 3.79/unit.
A total of 9.77 lakh RECs were traded during Q1 FY’27, decline of 81.4% YoY. Sell bids declined by 86.1% YoY, leading to a rise in clearing prices during Q1FY’27.
A total of 2.49 lakh RECs were traded in the trading sessions held on 10th June’26 and 24th June’26, at a clearing price of Rs.400/REC and Rs. 395/REC respectively. REC traded volume in June’26 decreased by 92.3% on YoY basis. Sell bids declined by 85.9% YoY, leading to a rise in clearing prices during June’26.
