IEX Q1 electricity trade rises 16% to 37.5 BU amid higher power demand
Indian Energy Exchange (IEX) traded 37,534 MU (37.5 BU) of electricity during the first quarter (Q1) of FY 2026-27, registering a 15.9% year-on-year increase. The growth was driven by higher electricity demand during a hotter-than-normal summer, with India’s peak power demand touching a record 270.8 GW in May 2026.
Q1 performance
India’s energy consumption reached 485.4 BUs during Q1 FY 2026-27, up 8.8% year-on-year.
The Market Clearing Price (MCP) in the Day-Ahead Market (DAM) averaged Rs 5.1/unit during the quarter, an increase of 15.7% over the previous year, while the Real-Time Market (RTM) price averaged Rs 4.5/unit, up 13.8%.
June performance
IEX traded 12,210 MU of electricity in June 2026, a 12.5% increase compared to the same month last year.
According to government data, India’s electricity consumption reached 166.5 BUs in June, up 11.6% year-on-year, driven by heatwave conditions and the delayed onset of the monsoon. The country also recorded its driest June in more than a decade, with rainfall nearly 40% below the long-period average.
During the month, the DAM clearing price rose 32.4% year-on-year to Rs 5.2/unit, while the RTM price increased 17% to Rs 4.4/unit.
Market segments
The RTM recorded the highest growth among electricity market segments during Q1 FY 2026-27, with traded volume increasing 23.5% year-on-year to 16,019 MU. In June, RTM volume stood at 5,420 MU, up 25.7% from 4,312 MU in June 2025.
The Term-Ahead Market (TAM), comprising contingency, daily, weekly and monthly contracts, traded 5,344 MU during Q1 FY 2026-27, registering a 22.9% year-on-year increase. June volumes rose 58.7% to 1,533 MU.
The DAM, including the High Price Day-Ahead Market (HPDAM), recorded a traded volume of 13,344 MU during Q1 FY 2026-27, up 7.6% year-on-year.
The Green Market, comprising the Green Day-Ahead Market (GDAM) and Green Term-Ahead Market (GTAM), traded 2,827 MU during the quarter, registering a 6.3% year-on-year increase.
REC market
A total of 9.77 lakh Renewable Energy Certificates (RECs) were traded during Q1 FY 2026-27, down 81.4% from the corresponding period last year.
In June 2026, 2.49 lakh RECs were traded across two trading sessions at clearing prices of Rs 400/REC and Rs 395/REC. The next REC trading sessions are scheduled for July 8, 2026, and July 29, 2026.
