Indian Energy Exchange (IEX) has announced its performance for the month of June 2025 and the first quarter (Q1) of the financial year (FY) 2025–26. In June 2025, IEX reported a total electricity traded volume of 10,852 million units (MU), marking a 6.5 per cent year-on-year (YoY) increase. Real-time market (RTM) volume grew by 34 per cent YoY to 4,312 MU, while the green market volume rose by 30 per cent YoY to 964 MU. The average market clearing price in the RTM stood at Rs 3.73 per unit, reflecting a 26 per cent decline YoY. IEX also traded 3.232 million renewable energy certificates (RECs), up 636 per cent YoY. The average market clearing price in the day-ahead market (DAM) stood at Rs 3.90 per unit, reflecting a 28 per cent decline YoY. The DAM recorded 4,610 MU in June 2025, a 5 per cent YoY decline. The term-ahead market (TAM), including high price term-ahead market and contingency contracts, declined by 30 per cent YoY to 966 MU.
For Q1 FY 2025–26, IEX achieved an overall traded electricity volume of 32,382 MU, registering a 15 per cent YoY growth. The RTM segment reported 12,975 MU for Q1 FY 2025-26, up 41 per cent YoY, while the green market achieved 2,660 MU in the same period, a 51 per cent YoY increase. REC trading rose 149 per cent YoY to 5.265 million units during for Q1 FY 2025-26. The average DAM price for Q1 FY 2025-26 was Rs 4.41 per unit, down 16 per cent YoY, while RTM prices averaged Rs 3.91 per unit in Q1 FY 2025-26, down 20 per cent YoY. A sharp fall in prices was observed on May 25, 2025, when RTM prices dropped to Rs 1.53 per unit due to heavy rainfall, with several time blocks between 9:15 AM and 2:30 PM seeing near-zero prices. The DAM for Q1 FY 2025-26 reported 12,399 MU, a 7 per cent decline YoY, while the TAM in Q1 FY 2025-26 rose by 12 per cent YoY to 4,348 MU.
As per government data from June 2025, national energy consumption fell by 1.5 per cent YoY to 150.04 billion units due to early monsoons. Lower temperatures and increased generation from hydro, wind, and coal sources contributed to improved supply liquidity. These factors collectively resulted in lower DAM and RTM market prices. The price volatility offered a cost advantage to discoms and commercial and industrial consumers, allowing them to replace costlier power with exchange-sourced electricity. The next REC trading sessions are scheduled for July 9 and July 30, 2025.
