IEX Posts Record FY 2026 Volume And Lower Power Prices

Indian Energy Exchange reported record traded electricity volume of 141 billion (bn) units in fiscal year 2026, representing a seventeen per cent year on year increase. The exchange also recorded the highest annual renewable energy certificate trade at 18.72 million (mn) RECs, up five per cent on the prior year. Average day ahead market clearing price for the fiscal year fell to Rs three point eight six per unit, a decline of thirteen point seven per cent.\n\nFor the fourth quarter the platform achieved a quarterly record of 39.4 bn units, marking a twenty four point three per cent increase year on year, and traded seven point one seven mn RECs in the period, up six point one per cent. Monthly volumes reached a record in March with 13.90 bn units, an increase of twenty three point five per cent year on year, and REC trade for the month was two point eight nine four mn, a sharp rise.\n\nThe real time electricity market expanded strongly to 54.85 bn units for the fiscal year, growing forty one per cent, while the day ahead market delivered 62.78 bn units, registering modest growth. Day ahead contingency and term ahead contracts totalled 12.72 bn units for the year, rising eight per cent, though the segment saw a decline in the quarter and in March. Enhanced wind, hydro and solar generation together with steady coal based supply were cited as contributing to higher supply liquidity on the exchange.\n\nThe green market volumes increased by twenty three per cent to 10.78 bn units and the weighted green day ahead price for the fiscal year fell to Rs three point five nine per unit. REC trading sessions in March cleared at Rs 340 per certificate and further sessions were scheduled in April. The exchange continues to position itself as a nationwide automated trading platform promoting transparency and efficiency in electricity and renewable markets.

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