IEX Logs 11,233 MU Power Trade in October 2025, RTM Volume Surges 46.8% YoY
Mumbai: The Indian Energy Exchange (IEX), the country’s leading electricity trading platform, recorded a total traded volume of 11,233 million units (MU) in October 2025, marking a 16.5% year-on-year (YoY) growth, excluding transactions under the Transmission Restraint Area Segment (TRAS).
The Real-Time Market (RTM) witnessed a robust performance with 4,583 MU traded, reflecting a 46.8% YoY increase, and accounting for 37.8% of the total monthly volume. The Day-Ahead Market (DAM), including High Price DAM (HPDAM), contributed 4,684 MU, up 6.7% YoY, and formed 38.7% of the total volume.
Amid improved liquidity driven by enhanced hydro, wind, and solar generation, along with steady coal-based supply, market clearing prices saw a significant decline. The average DAM price stood at ₹2.67/unit, down 32% YoY, while the average RTM price dropped to ₹2.73/unit, a 27.8% YoY decrease. These competitive prices enabled distribution companies (Discoms) and commercial and industrial (C&I) consumers to optimize power procurement costs.
In contrast, the Term-Ahead Market (TAM), including Day-Ahead Contingency, HPTAM, and other short-term contracts, traded 911 MU, registering a 27.7% YoY decline.
Green Market and REC Performance
The Green Market, comprising the Green Day-Ahead and Green Term-Ahead segments, achieved a volume of 1,055 MU, up 21% YoY. The weighted average price in the Green Day-Ahead Market (G-DAM) was ₹2.47/unit.
The Renewable Energy Certificate (REC) Market also saw strong activity, with 6.19 lakh RECs traded across two sessions in October at a clearing price of ₹370/REC, marking a 39.4% YoY increase. The next REC trading sessions are scheduled for November 12 and November 26, 2025.
Despite a 6% YoY decline in national energy consumption to 132 billion units (BUs), IEX’s performance underscores the growing role of market-based power procurement in India’s evolving energy landscape.
