IEX power market update june 25 and q1fy26

Mumbai, 03 JULY 2025: Indian Energy Exchange, India’s premier electricity exchange, achieved monthly electricity traded volume of 10,852 MU in June ’25, marking a 6.5% increase on year-on-year basis. A total of 32.32 lakh Renewable Energy Certificates were traded during the month, marking a 636% year on year increase

 

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For the first quarter of the fiscal year 2026, IEX achieved electricity traded volume of 32,382 MU, marking a 15% year on year increase. During the quarter, IEX traded 52.65 lakh renewable energy certificates recording a 149% year on year increase.

According to government data published in June 2025, the country's energy consumption reached 150.04 BUs, representing 1.5% decline year-on-year due to early onset of monsoons. The Market Clearing Price in the Day Ahead Market at Rs 3.90/unit during June 2025, declined 28% year-on-year. Similarly, the Market clearing price in the Real Time Market at Rs 3.73/unit during June 2025, declined 26% year-on-year.

During the first quarter of this financial year, widespread rains kept temperatures lower, leading to lower-than-expected electricity demand in the summer months. Simultaneously, increased hydro, wind, and sustained supply from coal-based generation resulted in higher supply liquidity on the exchange platform, which led to a substantial drop in DAM and RTM prices.

The Market Clearing Price in the Day-Ahead Market at Rs 4.41/unit during Q1 FY’26 declined 16% compared to Q1 FY’25. Similarly, the Market Clearing Price in the Real-Time Market at Rs 3.91/unit during Q1 FY’26 declined 20% compared to Q1 FY’25. Notably, during the quarter, on 25th May 2025, heavy rains pushed RTM prices down to Rs 1.53/unit, with near-zero prices during several time blocks (9:15 AM to 2:30 PM).

These prices presented an opportunity for Discoms and Commercial & Industrial consumers to meet their demand at a competitive price and to replace their costlier power by procuring through exchanges.

ELECTRICITY MARKET: DAY- AHEAD, TERM- AHEAD & REAL-TIME MARKET

The Day-Ahead Market (DAM) including HPDAM achieved 4,610 MU volume in June’25 as compared to 4,849 MU volume in June’24, decline of 5% YoY. The DAM segment including HPDAM, registered total volumes of 12,399 MU during Q1 FY '26, decline of 7% over Q1FY'25.

The Real-Time Electricity Market (RTM) volume increased to 4,312 MU in June ‘25, from 3,213 MU in June'24, registering an increase of 34% YoY. The RTM segment registered total volumes of 12,975 MU during Q1 FY '26, an increase of 41% over Q1FY '25.

Day Ahead Contingency and Term-Ahead Market (TAM), comprising of HPTAM, contingency, daily & weekly and monthly contracts up to 3 months, traded 966 MU in June’25 as compared to 1,380 MU volume in June’24, decline of 30% YoY. The total volume on the segment during the quarter was 4,348 MU, an increase of 12% over Q1 FY’25.

GREEN MARKET: GREEN DAY-AHEAD & GREEN TERM-AHEAD MARKET

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 964 MU volume during June’25 as compared to 744 MU in June’24, registering an increase of 30% YoY. The weighted average price in Green Day-Ahead Market (G-DAM) for June’25 was Rs 3.30/unit. During Q1FY’26, the segment achieved volume of 2,660 MU, an increase of 51% over Q1FY’25.

RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET)

A total of 32.32 lakh RECs were traded in the trading sessions held on 11th June’25 and 25th June’25, at a clearing price of Rs.350/REC and Rs. 360/REC respectively. REC traded volume in June’25 increased by 636% on YoY basis. A total of 52.65 lakh RECs were traded during Q1 FY’26, an increase of 149% YoY.

The next REC trading sessions at the Exchange are scheduled on 09th July’25 and 30th July’25.

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