Indian Energy Exchange (IEX), India’s premier electricity exchange, recorded a monthly electricity traded volume of 12,983 MUs in May 2026, a robust 18.6% increase year-on-year. A total of 6.10 lakh Renewable Energy Certificates were traded during the month, though REC volumes declined 65% year-on-year.
India’s energy consumption touched 164.98 BUs in May 2026, registering a year-on-year growth of 11.5%. During the month, India’s peak power demand surged to an all-time high of 270.82 GW. In the Day-Ahead Market, strong demand drove buy bids up 77% year-on-year, while sell bids rose by 30% YoY. Due to the significant increase in power demand, the average market clearing price in DAM was Rs. 4.88/unit, 18.3% increase year-on-year. The average RTM market clearing price stood was Rs. 4.16/unit, up 21.2% year-on-year.
The Day-Ahead Market (DAM) including HP-DAM, achieved 4,417 MU volume in May’26 as compared to 3,535 MU volume in May’25, increase of 24.9% YoY.
The Real-Time Electricity Market (RTM) volume increased to 5,529 MU in May’26, from 4,770 MU in May’25, registering an increase of 15.9% YoY.
Day Ahead Contingency and Term-Ahead Market (TAM) including HPTAM, comprising contingency, daily & weekly and monthly contracts up to 3 months, traded 2,004 MU in May ’26 as compared to 1,726 MU volume in May’25, increase of 16.1 % YoY.
IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 1,034 MU volume during May’26 as compared to 915 MU in May’25, increase of 13% YoY. The weighted average price in Green Day-Ahead Market (G-DAM) for May’26 was at Rs 3.60/ unit, remaining largely flat on a year-on-year basis.
A total of 6.10 lakh RECs were traded in May ’26, down 65% YoY. Trading sessions were held on 13th May’26 and 29th May’26, with clearing price of Rs 400/REC. Sell bids declined by 85.3% YoY, leading to a rise in clearing prices during May2026.
