IEX Sees 14% Rise in Power Trade in May 2025
POWER & RENEWABLE ENERGY

IEX Sees 14% Rise in Power Trade in May 2025

The Indian Energy Exchange (IEX), the country’s leading electricity trading platform, reported a 14 per cent year-on-year rise in traded electricity volume, reaching 10,946 million units (MU) in May 2025. Additionally, the exchange recorded a sharp 65 per cent surge in Renewable Energy Certificate (REC) trading volumes, with 1.743 million certificates traded during the month.

According to government data for May 2025, national energy consumption declined by 4 per cent year-on-year to 148.7 billion units (BUs), owing to unseasonal rains and an early monsoon, which reduced electricity demand. However, increased generation from hydro, wind, and thermal sources improved supply liquidity on the exchange, leading to significant declines in market prices.

The Market Clearing Price in the Day-Ahead Market (DAM) stood at Rs 4.12/unit—down 22 per cent year-on-year—while the Real-Time Market (RTM) price dropped 28 per cent to Rs 3.43/unit. These competitive rates enabled discoms and commercial and industrial (C&I) consumers to substitute more expensive power purchases with exchange-based procurement.

Electricity Market Performance:

  • Day-Ahead Market (DAM): Traded 3,510 MU in May 2025, down 20 per cent from 4,371 MU in May 2024.
  • Real-Time Market (RTM): Achieved a record-high monthly volume of 4,770 MU, marking a 42 per cent rise from 3,352 MU in May 2024.
  • Term-Ahead Market (TAM): Including contingency, daily, weekly, and monthly contracts up to three months, TAM volumes rose 38 per cent year-on-year to 1,684 MU.

Green Market:

The IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead segments, traded 915 MU in May 2025—up 47 per cent from 622 MU in the same month last year. The weighted average price in the Green Day-Ahead Market (G-DAM) stood at Rs 3.59/unit.

REC Market:

A total of 1.743 million RECs were traded in sessions held on 14 and 28 May 2025, at clearing prices of Rs 345 and Rs 349 per certificate, respectively. The REC volume saw a year-on-year growth of 65 per cent. The next REC trading sessions are scheduled for 11 and 25 June 2025.


The Indian Energy Exchange (IEX), the country’s leading electricity trading platform, reported a 14 per cent year-on-year rise in traded electricity volume, reaching 10,946 million units (MU) in May 2025. Additionally, the exchange recorded a sharp 65 per cent surge in Renewable Energy Certificate (REC) trading volumes, with 1.743 million certificates traded during the month.According to government data for May 2025, national energy consumption declined by 4 per cent year-on-year to 148.7 billion units (BUs), owing to unseasonal rains and an early monsoon, which reduced electricity demand. However, increased generation from hydro, wind, and thermal sources improved supply liquidity on the exchange, leading to significant declines in market prices.The Market Clearing Price in the Day-Ahead Market (DAM) stood at Rs 4.12/unit—down 22 per cent year-on-year—while the Real-Time Market (RTM) price dropped 28 per cent to Rs 3.43/unit. These competitive rates enabled discoms and commercial and industrial (C&I) consumers to substitute more expensive power purchases with exchange-based procurement.Electricity Market Performance:Day-Ahead Market (DAM): Traded 3,510 MU in May 2025, down 20 per cent from 4,371 MU in May 2024.Real-Time Market (RTM): Achieved a record-high monthly volume of 4,770 MU, marking a 42 per cent rise from 3,352 MU in May 2024.Term-Ahead Market (TAM): Including contingency, daily, weekly, and monthly contracts up to three months, TAM volumes rose 38 per cent year-on-year to 1,684 MU.Green Market:The IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead segments, traded 915 MU in May 2025—up 47 per cent from 622 MU in the same month last year. The weighted average price in the Green Day-Ahead Market (G-DAM) stood at Rs 3.59/unit.REC Market:A total of 1.743 million RECs were traded in sessions held on 14 and 28 May 2025, at clearing prices of Rs 345 and Rs 349 per certificate, respectively. The REC volume saw a year-on-year growth of 65 per cent. The next REC trading sessions are scheduled for 11 and 25 June 2025.

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