Indian Energy Exchange Limited has reported robust trading performance for February'26, achieving a total electricity trading volume of 12,550 MU, marking a significant 30.4% increase on a year-on-year basis. The exchange also facilitated trading of 18.86 lakh Renewable Energy Certificates during the month, representing a 15.2% year-on-year growth.

Overall Market Performance

The strong trading volumes came despite lower electricity prices across all market segments compared to the previous year. According to government data, India's energy consumption reached 133 BUs in February'26, showing a 1.9% increase compared to the previous year. However, enhanced supply liquidity on the exchange platform resulted in more competitive pricing for market participants.

*Calculated based on individual segment data

Pricing Trends Across Market Segments

Despite the volume growth, electricity prices showed a declining trend across all market segments. The Day-Ahead Market clearing price averaged Rs 3.58/unit during February'26, representing an 18.3% year-on-year decline. Similarly, the Real-Time Market price averaged Rs 3.59/unit, down 18.7% compared to the previous year.

Segment-Wise Market Analysis

The Real-Time Electricity Market emerged as the standout performer, recording the highest growth rate of 51.7% year-on-year. This segment achieved 4,379 MU in February'26 compared to 2,887 MU in the corresponding period last year. Notably, the Real-Time Market also recorded a daily electricity volume of 448 MU during the month, highlighting the strong demand for real-time electricity trading.

The Day-Ahead Market maintained steady growth with 6,588 MU volume, up 22.7% from 5,369 MU in February'25. The Term-Ahead Market, which includes contingency, daily, weekly, and monthly contracts up to 3 months, experienced a slight decline of 4.7% year-on-year, trading 775 MU in February'26 compared to 814 MU in February'25.

Green Energy and REC Market Performance

The Green Market segment, comprising Green Day-Ahead and Green Term-Ahead Market segments, demonstrated strong momentum with 808 MU volume during February'26, representing a 46.3% increase from 552 MU in February'25. The weighted average price in the Green Day-Ahead Market declined 25.3% year-on-year to Rs 3.43/unit.

In the Renewable Energy Certificate market, trading sessions held on 11th February'26 and 25th February'26 achieved clearing prices of Rs 333/REC and Rs 337/REC respectively. The next REC trading sessions are scheduled for 11th March'26 and 25th March'26.

Market Outlook and Opportunities

The competitive pricing environment has created opportunities for Distribution Companies and Commercial & Industrial consumers to meet their electricity demand cost-effectively. The lower prices on power exchanges enable these consumers to replace costlier power sources by procuring through the exchange platform, potentially driving further volume growth in upcoming months.

Indian Energy Exchange Limited has announced a name change for its wholly owned subsidiary, marking a corporate restructuring development for the energy trading platform.

Subsidiary Name Change Details

The company has informed stock exchanges about the renaming of its subsidiary from International Carbon Exchange Private Limited to ICX Private Limited. This change became effective on February 18, 2026, following approval from the Registrar of Companies, Ministry of Corporate Affairs.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Indian Energy Exchange Limited has formally notified both major stock exchanges about this corporate development.

The communication was sent to BSE Limited and National Stock Exchange of India Limited, ensuring proper disclosure to all stakeholders. The company has also committed to making this information available on its official website at www.iexindia.com .

Corporate Structure Impact

The name change represents a streamlined approach to the subsidiary's branding, moving from the longer International Carbon Exchange Private Limited to the more concise ICX Private Limited. This change affects the corporate structure of Indian Energy Exchange Limited while maintaining the subsidiary's status as a wholly owned entity.

The notification was signed by Vineet Harlalka, who serves as CFO, Company Secretary & Compliance Officer for Indian Energy Exchange Limited, ensuring proper authorization and compliance with regulatory requirements.