The Indian Energy Exchange (IEX) recorded a total electricity-traded volume of 12,550 million units (MU) in February 2026, a 30.4% year-over-year (YoY) increase, and its highest daily average volume of 448 MU.

During the month, India’s electricity consumption reached 133 BU, up 1.9% YoY.

Despite the rise in demand, electricity prices on the exchange declined due to increased liquidity in the supply.

Electricity Market

The average market prices were lower, with the Day-Ahead Market (DAM) price at ₹3.58 (~$0.038)/kWh and the Real-Time Market (RTM) price at ₹3.59 (~$0.039)/kWh, down 19% YoY, indicating improved supply availability.

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

In the DAM, the traded volumes reached 6,588 MU, up 22.7% YoY from 5,369 MU in February 2025, while RTM recorded the strongest growth, with 4,379 MU traded, up 51.7% YoY from 2,887 MU during the same period last year.

Meanwhile, the Day-Ahead Contingency and Term-Ahead Market (TAM), comprising contingency, daily, weekly, and monthly contracts up to three months, traded 775 MU, down 4.7% YoY from February 2025.

Green Market

The green power market, which includes the Green Day-Ahead Market (G-DAM) and Green Term-Ahead Market (G-TAM), traded 808 MU in February 2026, compared to 552 MU in February 2025, marking a 46.3% YoY increase.

The weighted average price in the G-DAM stood at ₹3.43 (~$0.037)/kWh, declining 25.3% YoY, reflecting growing renewable energy supply in the exchange-based market.

Renewable Energy Certificate Market

In the Renewable Energy Certificate (REC) market, 1.88 million RECs were traded during the trading sessions held on February 11 and February 25, representing a 15.2% YoY increase.

The clearing prices were ₹333 (~$3.61)/REC and ₹337 (~$3.67)/REC, respectively, indicating steady demand for renewable compliance instruments in the market.

The next REC trading sessions are scheduled for March 11 and March 25, 2026.

IEX recorded its highest-ever monthly electricity traded volume of 13,050 MU in January 2026, registering a 19.6% YoY growth.