Indian Energy Exchange Reports 101 BU Volume in 9M FY26
Filing Summary
Indian Energy Exchange Ltd reported a total electricity traded volume of 101 BU for the first nine months of FY26, reflecting a 14.3% year-on-year growth. The Real-Time Market (RTM) saw a 38.6% increase in the same period. For Q3 FY26, the traded volume reached 34 BU, marking an 11.9% increase from the previous year. The Day-Ahead Market (DAM) prices averaged Rs 3.22 per unit, a 13.2% decrease year-on-year. December 2025 saw a monthly traded volume of 11 BU, with DAM prices slightly increasing by 0.7% year-on-year.
Indian Energy Exchange Ltd reported a total electricity traded volume of 101.68 billion units (BU) for the first nine months of FY26, marking a 14.3% year-on-year growth. The Real-Time Market (RTM) achieved a growth of 38.6% year-on-year. The average price in the Day-Ahead Market (DAM) was Rs 3.85 per unit, a decrease of 14.1% compared to the same period last year. The average RTM price was Rs 3.56 per unit, showing a 16.3% decline year-on-year.
In Q3 FY26, the electricity traded volume reached 34.08 BU, reflecting an 11.9% increase from the previous year. The RTM recorded a 35.7% growth year-on-year. The average DAM price was Rs 3.22 per unit, a 13.2% decrease from Q3 FY25. The average RTM price stood at Rs 3.26 per unit, down by 11.6% year-on-year. During December 2025, the monthly traded volume was 11.44 BU, an increase of 2.8% year-on-year. The DAM price was Rs 3.92 per unit, a slight increase of 0.7% year-on-year, while the RTM price was Rs 3.93 per unit, up by 2.2% year-on-year.
The Day-Ahead Market (DAM) achieved a volume of 16,250 million units (MU) in Q3 FY26, a 2.8% decline from the previous year. In December 2025, the DAM volume was 5,899 MU, an 11.6% decrease from December 2024. The Real-Time Electricity Market (RTM) volume increased to 12,650 MU in Q3 FY26, a 35.7% rise year-on-year. In December 2025, the RTM volume was 3,833 MU, a 20.5% increase from the previous year. The Day Ahead Contingency and Term-Ahead Market (TAM) traded 2,535 MU in Q3 FY26, a 29.3% increase year-on-year. In December 2025, the TAM volume was 931 MU, an 87% increase from December 2024.
The Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved a volume of 2,647 MU in Q3 FY26, a 7.2% increase from the previous year. In December 2025, the segment recorded a volume of 777 MU, a 0.5% decline year-on-year. The weighted average price in the Green Day-Ahead Market (G-DAM) for December 2025 was Rs 4.21 per unit. The Renewable Energy Certificate Market (REC) saw a total of 18.63 lakh RECs traded in Q3 FY26, a 29.8% decline year-on-year. In December 2025, 7.7 lakh RECs were traded, a 53.7% decrease from the previous year.
The next REC trading sessions are scheduled for 14th January 2026 and 28th January 2026. The exchange platform provides a nationwide, automated trading platform for electricity, renewable energy, and certificates, enhancing price discovery and market transparency.
Indian Energy Exchange Ltd is India’s premier energy exchange, offering a platform for the physical delivery of electricity and renewable energy certificates. The exchange is ISO certified for quality management and has been publicly listed since October 2017. It is regulated by the Central Electricity Regulatory Commission.