IEX Reports Robust 16.1% Growth in Q2FY26 Electricity Trading Volume

Indian Energy Exchange (IEX), India's premier electricity exchange, has reported a significant increase in its electricity trading volume for the second quarter of fiscal year 2026. The company's performance highlights its growing importance in India's power trading landscape.

Q2FY26 Performance Highlights

IEX achieved an electricity trading volume of 35,217 Million Units (MU) in Q2FY26, marking a substantial 16.1% year-over-year growth. This growth underscores the exchange's expanding role in facilitating power trading across the country.

Key performance metrics for Q2FY26 include:

Segment	Volume (MU)	YoY Growth
Total Electricity Traded	35,217	16.1%
Real-Time Market (RTM)	14,925	39.1%
Green Market	3,040	17.7%

Pricing Trends

The increased supply liquidity on the exchange platform, driven by higher hydro, wind, and sustained coal-based generation, led to a notable decrease in prices:

Market Segment	Average Price (Rs/unit)	YoY Change
Day-Ahead Market (DAM)	3.93	-12.5%
Real-Time Market (RTM)	3.51	-16.1%

These competitive prices present an opportunity for Discoms and Commercial & Industrial consumers to meet their demand cost-effectively.

September 2025 Performance

In September 2025, IEX continued its growth trajectory:

Monthly electricity traded volume reached 11,065 MU, a 7.1% year-on-year increase.
The Real-Time Market saw a remarkable 22.3% year-on-year growth.
The Green Market achieved an impressive 50% year-on-year growth.

Market Segment Analysis

Day-Ahead Market (DAM)

Including HPDAM, this segment registered 14,534 MU during Q2FY26, a 1.4% increase over Q2FY25. It accounted for 36.1% of the total traded volumes in Q2FY26.

Real-Time Electricity Market (RTM)

This segment showed exceptional growth, registering 14,925 MU during Q2FY26, a 39.1% increase over Q2FY25. It represented 37.1% of the total traded volumes.

Green Market

Comprising Green Day-Ahead and Green Term-Ahead segments, this market achieved 3,040 MU in Q2FY26, growing by 17.7% year-on-year.

Renewable Energy Certificate (REC) Market

A total of 44.22 lakh RECs were traded during Q2FY26, showing a 29.8% year-on-year decline.

The robust performance across various segments, particularly in the Real-Time and Green markets, reflects IEX's pivotal role in India's evolving energy landscape. The significant growth in trading volumes, coupled with more competitive pricing, indicates a maturing market that's increasingly efficient in meeting the country's diverse energy needs.

As India continues to focus on renewable energy integration and grid flexibility, IEX's platform is proving to be instrumental in facilitating seamless power trading and supporting the nation's energy transition goals.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.06%	+6.40%	+5.31%	-24.62%	-19.35%	+127.59%

Indian Energy Exchange Ltd. (IEX), India's premier electricity exchange, has reported a significant increase in its monthly trading volumes for August, despite a decline in power prices. The company's latest market update reveals robust growth across various segments, highlighting the dynamic nature of India's energy market.

Trading Volume Soars

IEX achieved a monthly electricity traded volume of 11,803 million units (MU) in August, marking an impressive 18.9% year-on-year increase. This growth comes at a time when India's energy consumption reached 150.47 billion units, up 4.4% compared to the previous year.

Real-Time Market Shines

The Real-Time Electricity Market (RTM) emerged as a standout performer, with volumes surging 44% year-on-year to 5,029 MU. This segment now accounts for 36% of IEX's total traded volumes. Notably, the RTM achieved a record single-day volume of 230 MU on August 31, underscoring its growing importance in the power trading landscape.

Day-Ahead Market Shows Steady Growth

The Day-Ahead Market (DAM) also demonstrated positive momentum, growing 3% year-on-year to reach 4,797 MU. This segment represented 34% of the total traded volumes in August.

Green Market Gains Traction

IEX's Green Market, which includes both Green Day-Ahead and Green Term-Ahead segments, recorded a volume of 930 MU, up 7% from the previous year. This growth reflects the increasing focus on renewable energy sources in India's power sector.

Price Dynamics

Despite the increased demand, power exchange prices saw a decline due to higher supply-side liquidity. The average price in the Day-Ahead Market fell by 7% year-on-year to ₹4.00 per unit, while the average RTM price dropped by 6% to ₹3.38 per unit. These lower prices present an opportunity for power distribution companies and commercial and industrial consumers to meet their demand at competitive rates.

Renewable Energy Certificates

The Renewable Energy Certificate (REC) market also showed positive trends, with 21.68 lakh RECs traded in August, representing a 2.5% year-on-year increase. The clearing price for RECs stood at ₹360.00 per certificate.

Market Reaction

IEX shares responded positively to the news, closing 0.6% higher at ₹142.00. However, it's worth noting that the stock has experienced a 21.2% decline year-to-date, reflecting broader market dynamics and investor sentiment.

As India continues to navigate its energy transition, IEX's performance serves as a barometer for the country's evolving power market. The growth in trading volumes, particularly in the real-time and green segments, indicates a shift towards more flexible and sustainable energy solutions.