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

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.

Indian Energy Exchange (IEX), India's premier electricity exchange, has reported significant growth across multiple segments in February 2025, showcasing the increasing dynamism of India's power trading market.

Key Highlights

• Monthly electricity traded volume reached 9,622 million units (MU), a 9% year-over-year increase
• Green Market segment experienced an impressive 85% year-over-year growth
• Renewable Energy Certificates (RECs) trading volume surged by 167% year-over-year

Electricity Market Performance

IEX's Day-Ahead Market (DAM) achieved a volume of 5,369 MU in February 2025, marking a robust 14% increase compared to the same period last year. The Real-Time Electricity Market (RTM) also showed strong growth, with volumes rising by 23% year-over-year to reach 2,887 MU.

However, the Day Ahead Contingency and Term-Ahead Market (TAM) saw a decline, trading 814 MU during February 2025, which is 45% lower on a year-over-year basis.

Green Market Surge

The Green Market segment, comprising the Green Day-Ahead and Green Term-Ahead Market segments, demonstrated exceptional growth. The segment achieved a volume of 552 MU during February 2025, representing a substantial 85% increase compared to February 2024.

Within this segment, the Green Day-Ahead Market (G-DAM) showed particularly strong performance:

REC Market Expansion

The Renewable Energy Certificate (REC) market witnessed extraordinary growth, with 16.37 lakh RECs traded in February 2025. This represents a remarkable 167% increase year-over-year. The trading sessions held on February 12th and 27th saw clearing prices of Rs. 350/REC and Rs. 349/REC, respectively.

Market Dynamics and Pricing

Despite a 7% increase in average daily energy consumption compared to February 2024, and peak power demand reaching 238 GW on February 7, 2025, prices on power exchanges were lower than the previous year. The Market Clearing Price in the Day Ahead Market stood at Rs. 4.38/unit during February 2025, an 11% decline year-over-year.

This pricing scenario presents an opportunity for Discoms and Commercial & Industrial consumers to meet their demand at competitive rates.

Conclusion

The February 2025 performance of IEX reflects the growing maturity and efficiency of India's power trading market. The significant growth in green energy trading and REC volumes underscores the increasing focus on renewable energy in the country's power mix. As India continues to balance its growing energy needs with sustainability goals, platforms like IEX play a crucial role in facilitating efficient and transparent power trading.