The Indian Energy Exchange (IEX) recorded a total electricity trade volume of 11,233 million units (MU) in October 2025 (excluding TRAS), registering a 16.5% year-on-year increase. Renewable Energy Certificate (REC) trading also saw strong traction, with 6.19 lakh certificates traded during the month, up 39.4% YoY.
As per government data, India’s energy consumption in October stood at 132 billion units (BU), a 6% decline from the same period last year. Higher generation from hydro, wind, and solar sources, supported by stable coal-based output, resulted in improved supply liquidity and softer prices in the exchange market.
The average market clearing price in the Day-Ahead Market (DAM) dropped 32% YoY to Rs 2.67/unit, while the Real-Time Market (RTM) price fell 27.8% YoY to Rs 2.73/unit. The lower price environment enabled distribution companies and industrial consumers to procure power at more competitive rates.
Segment-wise performance:
Day-Ahead Market (DAM): Traded 4,684 MU, up 6.7% YoY; contributed 38.7% of total volumes.
Real-Time Market (RTM): Traded 4,583 MU, a sharp 46.8% YoY rise; accounted for 37.8% of total volumes.
Term-Ahead Market (TAM): Logged 911 MU, down 27.7% YoY.
Green Market:
The IEX Green Market, covering Green Day-Ahead and Green Term-Ahead contracts, traded 1,055 MU in October, a 21% YoY increase. The weighted average price in the Green DAM was Rs 2.47/unit.
REC Market:
A total of 6.19 lakh RECs were traded across two sessions on October 8 and 29 at a clearing price of Rs 370 per REC. The next trading sessions are scheduled for November 12 and 26.