IEX Records Highest-Ever Monthly Electricity Trading Volume of 13,050 MU in January 2026
Mumbai: Indian Energy Exchange (IEX) reported its highest-ever monthly electricity traded volume of 13,050 million units (MU) in January 2026, registering a 19.6% year-on-year growth, the exchange said on Monday.
The Real-Time Market (RTM) recorded a sharp rise in activity, with traded volumes increasing 52.8% year-on-year to 4,638 MU, compared to 3,036 MU in January 2025.
According to government data released in January, India’s electricity consumption rose to 142.74 billion units (BUs), reflecting a 3.8% annual increase. Higher generation from hydro, wind and solar sources, along with steady coal-based supply, improved liquidity on the exchange platform and led to a decline in power prices.
The average market clearing price in the Day-Ahead Market (DAM) stood at ₹3.86 per unit, down 12.9% year-on-year, while the average RTM price declined 15.9% to ₹3.72 per unit. Lower prices enabled distribution companies (Discoms) and commercial and industrial consumers to replace higher-cost power through exchange-based procurement.
Market Segment Performance
- Day-Ahead Market (DAM): Volumes rose to 6,182 MU in January 2026 from 6,015 MU a year earlier, marking a 2.8% increase.
- Real-Time Market (RTM): Volumes surged to 4,638 MU, up 52.8% YoY.
- Term-Ahead Market (TAM): Including contingency, daily, weekly and monthly contracts, TAM traded 1,397 MU, a 26.2% YoY increase.
Green Power Trading
IEX’s Green Market, comprising the Green Day-Ahead and Green Term-Ahead segments, traded 832 MU during the month, up 10.7% year-on-year. The weighted average price in the Green Day-Ahead Market (G-DAM) stood at ₹4.06 per unit, down 12.5% YoY.
REC Market Update
A total of 23.91 lakh Renewable Energy Certificates (RECs) were traded during January 2026 across sessions held on January 14 and January 28, at clearing prices of ₹339 per REC and ₹333 per REC, respectively. REC trading volumes declined 37.1% year-on-year.
The next REC trading sessions are scheduled for February 11 and February 25, 2026.
