IEX records 17.7% rise in November power trade and IGX clears IPO move

Indian Energy Exchange Limited reported a 17.7 per cent year-on-year rise in electricity trading volumes in November 2025, with total transactions reaching 11,409 MU. The company also confirmed that Indian Gas Exchange Limited has secured board approval to begin its IPO process.

IEX saw varied performance across its market segments. The Day Ahead Market recorded 5,668 MU, which was a slight 0.3 per cent increase from a year earlier. The Real Time Market reached 4,233 MU, reflecting a 40.2 per cent rise. The Term Ahead Market, which includes contingency and other contracts, grew 243.1 per cent year on year to 693 MU.

Average prices moved lower during the month. The weighted average market-clearing price in the Day Ahead Market was Rs 3.07 per unit, which was a 6.9 per cent decline from November 2024. The Real Time Market averaged Rs 3.14 per unit, down 9.2 per cent. The Green Market, covering both Green Day Ahead and Term Ahead segments, traded 815 MU. The weighted average price in the Green Day Ahead Market was Rs 3.29 per unit. A total of 4.74 lakh Renewable Energy Certificates were also traded.

In a separate disclosure, IEX stated that the Board of Directors of Indian Gas Exchange Limited approved the start of an IPO process on December 02, 2025. The issue will involve an offer for sale by select shareholders. Market conditions and regulatory approvals will determine the final structure and timeline.