Indian Energy Exchange (IEX), India's premier electricity exchange, has reported a significant increase in its monthly electricity trading volume for October 2025. The company's performance shows robust growth in various segments, particularly in the Real-Time Market.

Key Highlights

• Total electricity traded volume reached 11,233 MU, up 16.5% year-on-year
• Real-Time Market volume surged by 46.8% year-on-year to 4,583 MU
• Day-Ahead Market volume increased by 6.7% year-on-year to 4,684 MU
• Green Market volume grew by 21% year-on-year to 1,055 MU
• Renewable Energy Certificates trading volume increased by 39.4% year-on-year

Market Performance

The exchange witnessed substantial growth across its various market segments. Here's a detailed breakdown of the performance:

Price Trends and Market Dynamics

The exchange reported a significant decline in electricity prices across its markets. The Day-Ahead Market saw prices drop by 32% year-on-year to Rs 2.67 per unit, while the Real-Time Market experienced a 27.8% decrease to Rs 2.73 per unit.

This price decline is attributed to enhanced hydro, wind, and solar generation, combined with steady coal-based supply, resulting in higher supply liquidity on the exchange platform. These competitive prices present an opportunity for power distribution companies (Discoms) and commercial & industrial consumers to meet their demand cost-effectively.

Renewable Energy Certificates (REC) Trading

The REC market showed strong performance with 6.19 lakh certificates traded in October 2025, marking a 39.4% year-on-year increase. The clearing price for these certificates was Rs 370 per REC.

Green Market Performance

IEX's Green Market, which includes both Green Day-Ahead and Green Term-Ahead segments, achieved a volume of 1,055 MU in October 2025, representing a 21% year-on-year growth. The weighted average price in the Green Day-Ahead Market (G-DAM) stood at Rs 2.47 per unit.

Outlook

The robust growth across various segments, particularly in the Real-Time Market and Green Market, indicates a positive trend for IEX. The significant decrease in electricity prices suggests improved efficiency and liquidity in the market, which could attract more participants and potentially drive further growth in trading volumes.

As India continues to focus on renewable energy integration and market-based mechanisms for power trading, IEX's performance in the coming months will be crucial to watch, especially in terms of volume growth and price trends across its diverse market segments.

Indian Energy Exchange (IEX), India's premier electricity trading platform, has announced an optimistic projection for its volume growth in the fiscal year 2026 (FY26). During a recent conference call with stakeholders, the IEX management shared their expectation of a 15-20% increase in trading volumes for the upcoming financial year.

Growth Projection Insights

The management's forecast of 15-20% volume growth for FY26 suggests a positive outlook for the energy trading sector in India. This projection comes at a time when the power market is evolving rapidly, with increasing emphasis on renewable energy integration and market-based mechanisms for power procurement.

Financial Performance Context

To provide context for this growth projection, it's worth examining IEX's recent financial performance:

The financial data shows that IEX has been experiencing steady growth, with increases in both total income and net profit compared to the previous year. This robust financial performance lends credibility to the management's optimistic volume growth projections for FY26.

Market Implications

The projected 15-20% volume growth may have several implications for the energy market:

1. Increased Market Liquidity: Higher trading volumes could lead to improved liquidity in the power trading market, potentially benefiting both buyers and sellers.

2. Enhanced Price Discovery: Greater volumes may contribute to more efficient price discovery mechanisms in the energy market.

3. Renewable Energy Integration: The growth projection may reflect an anticipated increase in renewable energy trading, aligning with India's clean energy goals.

4. Market Expansion: The forecast suggests that IEX expects to either capture a larger market share or sees overall growth in the energy trading sector.

As the Indian power sector continues to evolve, IEX's growth projections offer a glimpse into the potential trajectory of the energy trading market. Stakeholders and industry observers will be keenly watching how these projections materialize in the coming fiscal year.