Indian Energy Exchange has appointed Alok Kumar Jha as Head-Business Development (Senior Vice President), effective August 13, 2026. The exchange disclosed the appointment to the Bombay Stock Exchange and National Stock Exchange under Regulation 30 read with Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Jha joins the company as a Senior Management Personnel on a full-time employment basis. The appointment aims to leverage his extensive experience in business strategy, project development, and sales within the energy and infrastructure sectors.

Appointment Details

The key details of the appointment are outlined below:

Professional Profile

Jha brings over 29 years of experience across the energy, renewable energy, power, and transportation sectors. His previous leadership roles include positions at INOX Wind, GE Power, Alstom Transport, and Bombardier Transport India.

His expertise covers:

• Business strategy and project development
• Sales and operations management
• Joint venture management
• Large-scale infrastructure projects

Jhas career includes leading business turnarounds and driving growth in renewable energy businesses such as wind, solar, battery energy storage systems, and green hydrogen. He also played a pivotal role in landmark railway, power, and nuclear energy initiatives, including technology transfer and localization programs.

He holds an MBA from the Faculty of Management Studies, University of Delhi, and a Bachelor’s degree in Chemical Engineering from B.I.T. Sindri. Additionally, he completed the Executive Leadership Program from INSEAD in Paris and Singapore.

Indian Energy Exchange recorded a monthly electricity traded volume of 13,527 MUs in July 2026, an increase of 7.7% year-on-year, driven by rising national power demand and higher market clearing prices. India’s energy consumption touched 170.70 BUs in July 2026, registering a 10.9% year-on-year growth, which pushed buy bids in the Day-Ahead Market up by 42.5%. Consequently, the average market clearing price in the Day-Ahead Market stood at ₹4.99/unit, a 19.3% increase year-on-year, while the Real-Time Market average clearing price rose 15.1% to ₹4.41/unit.

The company disclosed these figures in a media release dated August 4, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The data reflects activity across IEX’s electricity markets, including the Day-Ahead Market (DAM), Real-Time Market (RTM), Term-Ahead Market (TAM), and Green Markets. While overall electricity volumes increased, Renewable Energy Certificate (REC) trading volumes declined sharply by 56.3% year-on-year to 7.11 lakh units, despite a rise in clearing prices due to a 77.8% drop in sell bids.

Electricity Market Performance

The Real-Time Electricity Market (RTM) saw robust growth, with volume increasing to 5,631 MU in July 2026 from 5,109 MU in July 2025, registering a 10.2% year-on-year increase. In contrast, the Day-Ahead Market (DAM), including HP-DAM, achieved a volume of 5,087 MU in July 2026, down from 5,510 MU in July 2025, representing a 7.7% decline year-on-year. The Day Ahead Contingency and Term-Ahead Market (TAM), which includes contingency, daily, weekly, and monthly contracts up to three months, witnessed significant activity with 1,774 MU traded in July 2026 compared to 917 MU in July 2025, an increase of 93.4% year-on-year.

Green Market and REC Updates

The IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved a volume of 1,035 MU during July 2026, a marginal increase of 0.9% year-on-year from 1,025 MU in July 2025. However, the weighted average price in the Green Day-Ahead Market (G-DAM) for July 2026 declined 4.2% year-on-year to ₹3.75/unit.

In the Renewable Energy Certificate (REC) market, trading sessions were held on July 8, 2026, and July 29, 2026. The clearing prices were ₹380/REC and ₹376/REC, respectively. The decline in sell bids by 77.8% year-on-year contributed to the rise in clearing prices during the month. The next REC trading sessions are scheduled for August 12, 2026, and August 26, 2026.

What the Numbers Show

The divergence between declining Day-Ahead Market volumes (-7.7%) and surging Real-Time Market volumes (+10.2%) suggests a shift in trading behavior towards last-minute adjustments, likely driven by volatility in demand or generation availability. Furthermore, the sharp rise in Day-Ahead Market prices (+19.3%) alongside a drop in Green Day-Ahead Market prices (-4.2%) indicates that conventional power sources faced tighter supply conditions relative to renewable energy in July 2026.