Indian Energy Exchange (IEX) reported a robust 30.4% year-on-year (YoY) growth in its total electricity traded volume, reaching 12,550 Million Units (MU) in February 2026. Despite a 1.9% national energy consumption increase, market clearing prices declined due to higher supply liquidity. The Real-Time Market (RTM) saw a substantial 51.7% YoY volume increase, while the Green Market expanded by 46.3% YoY.
February 2026 Power Market Performance Summary
Indian Energy Exchange announced strong operational metrics for February 2026, achieving a total electricity traded volume of 12,550 MU, marking a significant 30.4% increase compared to the previous year. Additionally, the exchange facilitated the trade of 18.86 lakh Renewable Energy Certificates (RECs), reflecting a 15.2% YoY rise.
In the context of the national energy scenario, where consumption rose by 1.9% to 133 BUs, IEX noted that elevated supply liquidity on its platform helped drive down market prices, presenting cost-competitive procurement opportunities for distribution companies (Discoms) and C&I consumers.
Key Market Segment Highlights
The performance across major electricity markets demonstrated significant growth, particularly in the intraday segments:
- Day-Ahead Market (DAM): Volume was 6,588 MU in February 2026, up 22.7% YoY from 5,369 MU. The average DAM price settled at Rs 3.58/unit, down 18.3% YoY.
- Real-Time Market (RTM): This segment recorded substantial growth, achieving a volume of 4,379 MU, a massive 51.7% YoY increase. The average RTM price was Rs 3.59/unit, showing a 18.7% YoY decline. The RTM also achieved the highest daily average volume of 448 MU during the month.
- Term-Ahead Market (TAM): This segment, which includes contingency, daily, weekly, and monthly contracts up to 3 months, traded 775 MU, a minor decline of 4.7% YoY from 814 MU in February 2025.
Green Market Achievements
The IEX Green Market (Green Day-Ahead and Green Term-Ahead segments) also showed robust expansion:
- Total volume reached 808 MU in February 2026, an increase of 46.3% YoY compared to 552 MU in February 2025.
- The weighted average price for the Green Day-Ahead Market (G-DAM) was Rs 3.43/unit, declining 25.3% YoY.
Renewable Energy Certificate (REC) Trading
REC trading sessions held on February 11 and February 25, 2026, resulted in clearing prices of Rs.333/REC and Rs. 337/REC, respectively. The overall REC traded volume for February 2026 increased by 15.2% on a YoY basis.
The next scheduled REC trading sessions at the Exchange are slated for March 11 and March 25, 2026.
Source: BSE
