IEX Achieves Record-Breaking Performance in FY'25: Electricity Trading and Green Market Soar
Indian Energy Exchange (IEX) achieved unprecedented growth in FY'25, with electricity trading volume reaching 121 billion units, a 19% YoY increase. Green market segment saw 171% YoY growth, while Renewable Energy Certificates trading volume increased by 136% to 178 lakh. Q4FY'25 and March 2025 set new quarterly and monthly records respectively. Despite volume increases, average market clearing price in Day Ahead Market decreased by 15% to Rs. 4.47 per unit. Growth attributed to increased power demand, government measures, improved sell liquidity, and enhanced power generation capacity.

*this image is generated using AI for illustrative purposes only.
Indian Energy Exchange (IEX), India's premier electricity exchange, has reported unprecedented growth across multiple segments for the fiscal year 2025, showcasing its pivotal role in the country's evolving energy landscape.
Record-Breaking Electricity Trading Volume
IEX has achieved its highest ever traded electricity volume of 121.00 billion units (BU) in FY'25, marking a significant 19.00% year-over-year increase. This milestone underscores the exchange's growing importance in facilitating power trading across India.
Green Market Experiences Exponential Growth
The green market segment at IEX has witnessed an impressive 171.00% year-over-year growth in FY'25. This surge reflects the increasing focus on renewable energy sources and the exchange's role in promoting sustainable power trading.
Renewable Energy Certificates (RECs) Hit New Highs
In a testament to the growing emphasis on clean energy, IEX reported its highest ever yearly trade volume of 178.00 lakh Renewable Energy Certificates (RECs) in FY'25. This represents a substantial growth of 136.00% compared to the previous year, highlighting the increasing adoption of renewable energy solutions.
Quarterly and Monthly Highlights
- Q4FY'25: IEX achieved its highest ever quarterly traded electricity volume of 31,747.00 million units (MU), an 18.00% year-on-year increase.
- March 2025: The exchange recorded its highest ever monthly traded electricity volume of 11,215.00 MU, marking a 29.00% year-on-year increase.
Market Dynamics and Pricing
Despite the significant increase in trading volumes, the average market clearing price in the Day Ahead Market (DAM) for FY'25 was Rs. 4.47 per unit, 15.00% lower than the previous fiscal year. This price reduction, coupled with increased volumes, indicates improved market efficiency and liquidity.
Factors Contributing to Growth
The robust performance can be attributed to several factors:
- A 4.40% year-on-year increase in the country's power demand
- Proactive measures by the Ministry of Power to enhance power supply
- Increased sell liquidity in the DAM segment, up by 36.00% year-on-year
- Sufficient coal inventory and improved power generation capacity
Segment-wise Performance
Market Segment | FY'25 Volume (MU) | YoY Growth |
---|---|---|
Day-Ahead Market | 61,311.00 | 15.00% |
Real-Time Electricity Market | 38,896.00 | 29.00% |
Green Market | 8,746.00 | 171.00% |
Looking Ahead
As India continues to focus on sustainable energy solutions and efficient power distribution, IEX's record-breaking performance in FY'25 positions it as a key player in the country's energy sector. The significant growth across various segments, particularly in green energy and RECs, aligns with the national objectives of promoting renewable energy and achieving power market efficiency.
Note: All financial figures and growth percentages are based on the official data provided by the Indian Energy Exchange Limited.
Historical Stock Returns for Indian Energy Exchange
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.54% | +4.80% | +15.34% | -1.85% | +29.44% | +262.55% |