Indian Energy Exchange Reports 17.7% Increase in November Trading Volume
Filing Summary
Indian Energy Exchange Ltd reported a monthly electricity traded volume of 11,409 MU for November 2025, reflecting a 17.7% year-on-year increase. The Real-Time Market (RTM) saw a 40.2% rise in volume to 4,233 MU. The Day-Ahead Market (DAM) recorded a 0.3% increase to 5,668 MU. Average prices in DAM and RTM decreased by 6.9% and 9.2% respectively. A total of 4.74 lakh Renewable Energy Certificates were traded, marking a 13.1% decline year-on-year. The Green Market volume slightly decreased by 0.3% to 815 MU.
Indian Energy Exchange Ltd reported a monthly electricity traded volume of 11,409 MU in November 2025, marking a 17.7% increase compared to the same period last year. The Real-Time Market (RTM) achieved a volume of 4,233 MU, representing a 40.2% year-on-year increase. The Day-Ahead Market (DAM) recorded a volume of 5,668 MU, a 0.3% increase from November 2024. The Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved a volume of 815 MU, a slight decline of 0.3% year-on-year.
The average price in the Day-Ahead Market was Rs 3.07 per unit, reflecting a 6.9% decrease year-on-year. The Real-Time Market price averaged Rs 3.14 per unit, a 9.2% decline from the previous year. A total of 4.74 lakh Renewable Energy Certificates (RECs) were traded during November 2025, with clearing prices of Rs 370 and Rs 364 per REC in the sessions held on 12th and 26th November, respectively. This represents a 13.1% decrease in REC trading volume compared to the previous year.
The Day Ahead Contingency and Term-Ahead Market, which includes High Price Term-Ahead Market (HPTAM), contingency, daily, weekly, and monthly contracts up to three months, traded 693 MU in November 2025, a significant increase of 243.1% from 202 MU in November 2024. The weighted average price in the Green Day-Ahead Market for November 2025 was Rs 3.29 per unit.
According to government data, India’s energy consumption in November 2025 reached 123.4 BUs, a decline of nearly 1% compared to the previous year. Enhanced hydro, wind, and solar generation contributed to higher supply liquidity on the exchange platform, resulting in lower prices in both the DAM and RTM.
The next REC trading sessions are scheduled for 10th December 2025 and 31st December 2025. The exchange continues to provide a platform for Discoms and Commercial & Industrial consumers to meet their demand at competitive prices by procuring through exchanges.
Indian Energy Exchange Ltd is India’s premier energy exchange, offering a nationwide automated trading platform for the physical delivery of electricity, renewable energy, and certificates, including renewable energy certificates and energy-saving certificates. The exchange facilitates efficient price discovery and enhances the accessibility and transparency of the energy market in India. It is ISO certified for quality management, information security management, and environment management since August 2016 and has been publicly listed on NSE and BSE since October 2017. The exchange is regulated by the Central Electricity Regulatory Commission since June 2008.