Indian Energy Exchange Reports Record 141 BU Traded Volume in FY’26
Filing Summary
Indian Energy Exchange Ltd reported a record electricity traded volume of 141 BU for FY’26, marking a 17% year-on-year increase. The Real-Time Market (RTM) grew by 41%, while the Green Market saw a 23% rise. The Day-Ahead Market (DAM) price averaged Rs 3.86/unit, a 13.7% decrease. In Q4FY’26, IEX achieved a quarterly high of 39.4 BU, up 24.3%. March 2026 saw a monthly peak of 13.90 BU, increasing 23.5%. The Renewable Energy Certificate (REC) market traded 187.20 lakh RECs, a 5% growth. The filing highlights increased supply liquidity and reduced prices.
Indian Energy Exchange Ltd reported its highest ever electricity traded volume of 141 BU for the fiscal year 2026, reflecting a 17% increase compared to the previous year. The Real-Time Market (RTM) experienced a growth of 41% year-on-year, while the Green Market recorded a 23% increase. The average price in the Day-Ahead Market (DAM) was Rs 3.86/unit, showing a decline of 13.7% from FY’25. The Real-Time Market price averaged Rs 3.59/unit, a 16% decrease year-on-year.
In the fourth quarter of FY’26, IEX achieved a record quarterly electricity traded volume of 39.4 BU, marking a 24.3% increase compared to the same period last year. The Renewable Energy Certificate (REC) market traded 71.70 lakh RECs in Q4, a 6.1% increase year-on-year. For March 2026, IEX reported its highest monthly traded volume of 13.90 BU, up 23.5% from March 2025. The REC market traded 28.94 lakh RECs in March, a significant 119.9% increase year-on-year.
The Day-Ahead Market, including HPDAM, achieved a volume of 62.78 BU for FY’26, a 2.4% increase from FY’25. The Real-Time Electricity Market recorded 54.85 BU for the fiscal year, a 41% increase year-on-year. The Day Ahead Contingency and Term-Ahead Market traded 12.72 BU, marking an 8% increase from the previous year. However, this segment saw a decline in Q4FY’26, with a volume of 3.12 BU, down 3.8% year-on-year.
The Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved a volume of 10.78 BU for FY’26, a 23% increase year-on-year. The weighted average price in the Green Day-Ahead Market was Rs 3.59/unit, a 10.6% decrease from FY’25. In March 2026, the Green Market achieved a volume of 0.80 BU, a 28.3% increase year-on-year, with a weighted average price of Rs 3.84/unit, down 10.8% from March 2025.
According to government data, the country’s energy consumption reached 149.56 BUs in March 2026, an increase of 1.8% compared to the previous year. Despite the rise in consumption, prices on power exchanges were lower due to higher supply liquidity. The market clearing price in the Day-Ahead Market for March was Rs 4.20/unit, a 6% decline year-on-year, while the Real-Time Market price was Rs 3.71/unit, a 10.5% decrease.
Indian Energy Exchange Ltd is India’s leading energy exchange, providing a nationwide automated trading platform for electricity, renewable energy, and certificates. The platform facilitates efficient price discovery and enhances market transparency and trade execution speed. IEX is ISO certified for quality, information security, and environment management and is publicly listed on NSE and BSE. The exchange is regulated by the Central Electricity Regulatory Commission.