Indian Energy Exchange (IEX) has released its investor presentation for Q2 FY’26. The presentation highlights the company’s performance, key growth drivers including Renewable Energy integration, and new initiatives. IEX continues to focus on technology, customer centricity and diversifying its offerings. The company is positioned to benefit from India’s energy transition and increasing power demand.
Power Sector Update
India’s power sector sees thermal generation contributing around 70% of electricity, while renewables contribute about 28%. The nation aims to achieve 50% non-fossil fuel share in installed capacity by 2025, five years ahead of the initial target. Renewables are leading the energy sector transition, aided by decreasing costs and battery integration.
IEX Business Highlights
IEX has over 8,500 registered participants and 5,700 commercial & industrial clients. Electricity volume for H1 FY’26 reached 67.6 BU (up 15.5%), and Renewable Energy Certificates traded were 97 Lakh (up 15.2%). RTM (Real-Time Market) growth is significant, surpassing DAM (Day-Ahead Market) for the first time. Prices remained stable despite tepid demand growth of 1.3%, supported by a 42% YoY increase in sell-side liquidity.
Growth Drivers
Key growth levers for IEX include increasing power consumption driven by GDP growth and electrification, new product and regulatory developments (like TAM and Green RTM), re-designing the electricity market, and the ongoing energy transition. Diversification into new markets such as Indian Gas Exchange (IGX) and the upcoming Coal Exchange will also support growth.
Renewable Energy Focus
IEX is focusing on new market models driven by RE penetration, including Battery Energy Storage Systems (BESS) and Firm Dispatchable RE (FDRE). The exchange is well-positioned to capitalize on the increasing demand for renewable energy and related services.
IGX Performance
IGX has 45+ registered members and 200+ clients. Yearly volumes have increased to 60.0 Mn MMBTU in FY25. Plans include balance of month contracts and new delivery points, with collaborations to enhance gas trading.
Source: BSE
