IEX announced positive growth in electricity traded volume for 9MFY’26 and Q3FY’26. 9MFY’26 saw a 14.3% YoY increase, while Q3FY’26 grew by 11.9% YoY. December ’25 also showed a 2.8% YoY increase. RTM continues to see substantial growth. Average DAM and RTM prices were lower YoY for both periods, with slight increases noted in December.
Electricity Trading Volume Growth
The Indian Energy Exchange (IEX) has released its power market update, showcasing substantial growth in electricity trading volume. For the period of 9MFY’26, IEX achieved a total traded volume of 101.68 BU, representing a 14.3% YoY growth. This growth was further supported by Real-Time Market (RTM), which saw a growth of 38.6% YoY.
Q3FY’26 Performance
During Q3FY’26, IEX achieved an electricity traded volume of 34.08 BU, marking an 11.9% YoY increase. The Real-Time Market (RTM) continued its strong performance with a growth of 35.7% YoY.
December 2025 Highlights
In December 2025, IEX achieved a monthly electricity traded volume of 11.44 BU, reflecting a 2.8% YoY increase. The Real-Time Market (RTM) also experienced growth, with an increase of 20.5% YoY.
Average Market Prices
The average Day-Ahead Market (DAM) price for 9MFY’26 was Rs 3.85/unit, which is lower by 14.1% YoY. The average RTM price for the same period was Rs 3.56/unit, lower by 16.3% YoY.
For Q3FY’26, the average DAM price was Rs 3.22/unit, a decrease of 13.2% YoY, and the average RTM price was Rs 3.26/unit, lower by 11.6% YoY.
In December 2025, the average DAM price was Rs 3.92/unit, slightly higher by 0.7% YoY, while the average RTM price was Rs 3.93/unit, higher by 2.2% YoY.
Renewable Energy Certificates
During Q3 FY’26, IEX traded 18.63 lakh renewable energy certificates. In December ’25, a total of 7.7 lakh Renewable Energy Certificates were traded.
Market Dynamics
Increased hydro and wind energy supply, combined with sustained coal-based generation, led to higher supply liquidity on the exchange platform during the third quarter. This resulted in a substantial drop in DAM and RTM prices. India’s energy consumption reached 138.39 BUs in December 2025, representing a 7% increase year-on-year.
Source: BSE
