Indian Energy Exchange (IEX) for the second quarter of the fiscal year 2026, achieved electricity traded volume of 35,217 MU (excluding TRAS), marking a 16.1 per cent year-on-year increase, IEX said in a release.
Additionally, TRAS (Term Ahead Renewable Segment) volume in Q2FY26 was 603 MU, as compared to 16.9 MU in Q2FY25. During the quarter, IEX traded 44.22 lakh renewable energy certificates recording 30 per cent year-on-year decline.
During the second quarter of this financial year, 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 Day-Ahead Market (DAM) and Real-Time Market (RTM) prices.
The Market Clearing Price in DAM at Rs.3.93 per unit during Q2FY26 declined 12.5 per cent compared to Q2FY25. Similarly, the Market Clearing Price in RTM at Rs.3.51 per unit during Q2FY26 declined 16.1 per cent compared to Q2FY26.
Notably, during the quarter, on August 25, 2025, heavy rains boosted supply liquidity driving the average RTM price to near zero price (Rs 0.01 per unit) discovered in a single time block (07:45 AM to 8:00 AM), the release said.
In September 2025, IEX achieved monthly electricity traded volume of 11,065 MU (excluding TRAS) in September 2025, marking 7.1 per cent increase on year-on-year basis. Additionally, TRAS volume in September 2025 was 289 MU, as compared to 6.7 MU in September 2024.
A total of 6.27 lakh Renewable Energy Certificates were traded during the month, marking 39 per cent year-on-year decline.
According to government data published in September 2025, the country’s energy consumption reached 145.91 BU, representing 3.2 per cent increase year-on-year. The Market Clearing Price in DAM at Rs.3.58 per unit during September 2025, declined 14.5 per cent year-on-year. Similarly, the Market clearing price in RTM at Rs.3.31 per unit during September 2025, declined 16.8 per cent year-on-year.
These prices presented an opportunity for discoms and commercial & industrial (C&I) consumers to meet their demand at a competitive price and to replace their costlier power by procuring through exchanges, the release said.
Also read: IEX trading volume grows 9 per cent in February 2025
(Note: 1 unit = 1 kWh; MU = million units; BU = billion units = 1,000 MU)