IEX power trade rises 16.5% in October as prices ease

The Indian Energy Exchange (IEX) recorded a total electricity trade volume of 11,233 million units (MU) in October 2025, up 16.5% year-on-year. The increase came amid improved power availability from hydro, solar, wind, and coal-based generation, which also led to a decline in market prices.

The average price in the Day-Ahead Market (DAM) fell 32% year-on-year to Rs 2.67 per unit, while the Real-Time Market (RTM) price declined 27.8% to Rs 2.73 per unit. The lower prices enabled distribution companies and industrial consumers to procure power more competitively through the exchange.

In October, the DAM traded 4,684 MU, up 6.7% from a year earlier and accounting for 38.7% of total traded volume. The RTM saw a sharper rise, with traded volume increasing 46.8% to 4,583 MU, representing 37.8% of total trade. The Term-Ahead Market (TAM), which includes contingency and short-term contracts, recorded 911 MU, down 27.7% year-on-year.

The Green Market, comprising the Green Day-Ahead and Green Term-Ahead segments, traded 1,055 MU during the month, up 21% year-on-year. The weighted average price in the Green Day-Ahead Market stood at Rs 2.47 per unit.

In the Renewable Energy Certificate (REC) segment, 6.19 lakh certificates were traded in sessions held on October 8 and October 29 at a clearing price of Rs 370 per REC, marking a 39.4% year-on-year increase.

According to government data, national electricity consumption in October reached 132 billion units (BUs), 6% lower than the previous year. IEX said the higher renewable generation and steady coal supply helped maintain liquidity and support lower prices across market segments.