The Indian Energy Exchange (IEX) traded 11,233 million units (MU) of electricity in October 2025, representing a 16.5% year-over-year (YoY) increase.

According to the government data published in September 2025, India’s energy consumption reached 132 billion units (BU), declining 6% YoY. Enhanced wind, solar, and hydropower generation, combined with a steady supply from coal-based generation, resulted in higher liquidity on the exchange platform, leading to a decline in Day Ahead Market (DAM) and Real Time Electricity Market (RTM) prices. The demand was also subdued due to prolonged monsoons.

The market-clearing price in DAM at ₹2.67 (~$0.030)/kWh during October 2025 declined 32% from the same month of the previous year. Similarly, the market-clearing price in RTM at ₹2.73 (~$0.031)/kWh during October 2025 declined 27.8% YoY.

A total of 619,000 renewable energy certificates (REC) were traded in the sessions held on October 8 and 29, at clearing prices of ₹370 (~$4.18)/REC. REC traded volume in October increased by 39.4% YoY.

The next REC trading sessions at the Exchange are scheduled on November 12 and 26.

Green Market

IEX Green Market, comprising the green day-ahead and green term-ahead market segments, achieved 1,055 MU volume during October, compared to 872 MU in October 2024, registering an increase of 21% YoY.

The weighted average price in the green day-ahead market (G-DAM) for September 2025 was ₹2.47 (~$)/kWh.

Electricity Market

The DAM, including the High Price Day Ahead Market, achieved 4,684 MU volume in October 2025, compared to 4,388 MU volume in October 2024, increasing 6.7% from the same period last year. The DAM segment accounted for 38.7% of the total traded volumes in October 2025.

The RTM  volume increased to 4,583 in October 2025, from 3,123 MU in October 2024, increasing 46.8% YoY. This segment accounted for 37.8% of the total traded volumes in October this year.

Day-ahead contingency and term-ahead market (TAM), comprising high price TAM, contingency, daily and weekly, and monthly contracts up to three months, traded 911 MU in October 2025, reducing 27.7% from 1,260 MU in October 2024.

IEX traded an electricity volume of 11,065 MU in September 2025, increasing 7.1% YoY.