IEX electricity traded volume rises 18.6% in May 2026
The Indian Energy Exchange (IEX) recorded a total electricity traded volume of 12,983 million units (MU) in May 2026, registering an 18.6% year-on-year (YoY) increase, according to a media release issued by the exchange on June 3, 2026. The growth came amid higher electricity demand, with national energy consumption and peak power demand reaching record levels during the month.
Market volumes
The Day-Ahead Market (DAM), including the High Price Day-Ahead Market (HP-DAM), recorded a traded volume of 4,417 MU in May 2026, compared to 3,535 MU in May 2025, reflecting a 25% YoY increase.
The Real-Time Market (RTM) traded 5,529 MU during the month, up 16% YoY.
The Term-Ahead Market (TAM), including contingency, daily, weekly, and monthly contracts of up to three months, recorded a traded volume of 2,004 MU, compared to 1,726 MU in the corresponding month last year, marking a 16.1% increase.
IEX’s Green Market, comprising the Green Day-Ahead Market and Green Term-Ahead Market segments, achieved a traded volume of 1,034 MU in May 2026, up 13% YoY. The weighted average price in the Green Day-Ahead Market remained largely unchanged at Rs 3.60 per unit.
Market prices
The average market clearing price in the DAM increased 18.3% YoY to Rs 4.88 per unit. The RTM clearing price averaged Rs 4.16 per unit, reflecting a 21.2% YoY increase.
According to the exchange, the increase in prices was driven by strong demand conditions. Buy bids increased 77% YoY, while sell bids rose 30% YoY during the month.
Power demand
National energy consumption reached 164.98 billion units in May 2026, registering an 11.5% YoY increase. Peak power demand touched an all-time high of 270.82 GW during the month.
REC trading
Renewable Energy Certificate (REC) trading volumes declined sharply in May 2026. A total of 6.10 lakh RECs were traded during the month, marking a 65% YoY decline.
Two REC trading sessions were conducted on May 13 and May 29, 2026, with a clearing price of Rs 400 per REC. The exchange stated that sell bids declined 85.3% YoY, contributing to the increase in clearing prices.
The next REC trading sessions at IEX are scheduled for June 10 and June 24, 2026.
