IEX electricity trade rises 30.4% YoY in February 2026

The Indian Energy Exchange Limited (IEX) reported a 30.4% year-on-year increase in electricity trading volumes for February 2026, with total traded volume reaching 12,550 million units (MU). The exchange also recorded a decline of more than 18% in average spot power prices during the month, which enabled distribution companies and industrial consumers to procure electricity at lower costs.

Electricity traded on the exchange increased from 9,623 MU in February 2025 to 12,550 MU in February 2026. The Real-Time Market (RTM) segment led the growth, with traded volume rising 51.7% year on year to 4,379 MU. The Day-Ahead Market (DAM) accounted for 6,588 MU during the month, registering a 22.7% increase compared to 5,369 MU in February 2025.

The Term-Ahead Market (TAM), which includes contingency, daily, weekly and monthly contracts with delivery periods of up to three months, recorded a traded volume of 775 MU in February 2026. This was slightly lower than the 814 MU recorded in February 2025, reflecting a decline of 4.7%.

Prices across IEX market segments declined during the month. The DAM market clearing price averaged Rs 3.58 per unit, representing an 18.3% year-on-year decrease. The RTM average price was Rs 3.59 per unit, down 18.7% compared to February 2025. In the Green Day-Ahead Market (G-DAM), the weighted average price was Rs 3.43 per unit, marking a 25.3% decline from the previous year.

IEX stated that the price reduction was supported by improved supply liquidity on the exchange platform. During the same period, national electricity consumption reached 133 billion units (BUs) in February 2026, according to government data, reflecting a 1.9% increase compared to the previous year. The exchange added that the lower prices enabled discoms and commercial and industrial consumers to procure power competitively and replace higher-cost sources.

In the green market segment, which includes the Green Day-Ahead Market (G-DAM) and the Green Term-Ahead Market (G-TAM), a total of 808 MU was traded in February 2026. This represented a 46.3% increase from 552 MU traded in February 2025.

Trading of Renewable Energy Certificates (REC) on the exchange reached 18.86 lakh units during February 2026, an increase of 15.2% compared to the same month last year. Two trading sessions were conducted during the month, with clearing prices recorded at Rs 333 per REC and Rs 337 per REC. The next REC trading sessions on IEX are scheduled for March 11 and March 25, 2026.