The Indian Energy Exchange (IEX) has achieved a monthly electricity volume of 12.66 billion units (BU) in July 2025, a 25.5% year-over-year (YoY) increase.

IEX said the country’s energy consumption during the month reached 153.6 BU, a 2.6% growth over the same period of the previous year.

Despite the increase in demand, prices on power exchanges were lower compared to the previous year, due to higher supply-side liquidity on the exchange platform.

Green Market

The IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved a traded volume of 1.02 BU, a 4% YoY increase from 990 million units (MU).

In June, the IEX Green Market achieved a traded volume of 964 MU, a 30% growth from 744 MU.

The weighted average price in the Green Day-Ahead Market for July was ₹3.91 (~0.044$)/kWh.

REC Market

A total of 1.6 million renewable energy certificates (REC) were exchanged in the trading sessions held on July 9 and 30, 2025, at a clearing price of ₹360 (~$4.1)/REC. The traded volume of RECs in July 2025 decreased by 48% from July 2024.

The next REC trading sessions will be held on Aug 13 and 27, 2025.

Day-Ahead, Term-Ahead, and Real-Time Market

The market-clearing price in the day-ahead market declined 16% YoY to ₹4.18/ (~$0.047)/kWh.

Similarly, the market-clearing price in the real-time market stood at ₹3.83(~$0.043)/kWh, dropping 23% from the same period last year.

These prices presented an opportunity for distribution companies and commercial and industrial consumers to meet their demand at a competitive price and to replace their costlier power by procuring through exchanges.

The real-time electricity market volume was 5.11 BU, a 53% YoY increase from 3.33 BU in July 2024.

The day-ahead market, including the high price day-ahead market, increased by 9% to 5.51 BU volume in July 2025 from 5.05 BU in July 2024.

Day-ahead contingency and term-ahead market, comprising the high price term-ahead market, contingency, daily and weekly, and monthly contracts up to three months, traded 917 MU, a jump of 28% YoY from 714 MU volume.