Indian Energy Exchange Reports Record Power Trade Volume of 12,664 MU in July 2025

Indian Energy Exchange (IEX) recorded its highest-ever monthly electricity trade volume in July 2025, reaching 12,664 million units (MU), including Trade of Renewable Energy Attributes (TRAS). This marks a 25.5% increase compared to the same period last year. Additionally, 16.26 lakh Renewable Energy Certificates (RECs) were traded during the month.

As per government data, India’s energy consumption rose to 153.6 billion units (BUs) in July 2025, reflecting a 2.6% year-on-year increase. But even though there was a growth in demand, power exchange prices fell, driven by increased liquidity on the supply side. The average market clearing price in the Day-Ahead Market (DAM) was Rs 4.18 per unit, down 16% year-on-year. Similarly, the Real-Time Market (RTM) price averaged Rs 3.83 per unit, a 23% decline compared to July 2024.

Segment-wise Highlights

Day-Ahead Market (DAM), including High Price DAM (HPDAM), achieved a traded volume of 5,510 MU in July 2025, a 9% increase from 5,056 MU in July 2024.

The Real-Time Market (RTM) reported its highest-ever monthly volume of 5,109 MU, growing by 53% compared to 3,334 MU a year earlier.

The Term-Ahead Market (TAM), including Day-Ahead Contingency, High Price TAM (HPTAM), and other contract durations, recorded a traded volume of 917 MU, reflecting a 28% year-on-year increase.

Green Market

The Green Market, which includes the Green Day-Ahead Market (G-DAM) and the Green Term-Ahead Market (G-TAM), achieved a combined volume of 1,025 MU in July 2025, a 4% rise compared to 990 MU in July 2024. The weighted average price in G-DAM was Rs 3.91 per unit.

REC Market

In the two REC trading sessions held on July 9 and July 30, a total of 16.26 lakh RECs were traded at a clearing price of Rs 360 per certificate. This represents a 48% decline in trading volume compared to July 2024.

With its robust performance, IEX continues to strengthen its role in providing accessible, market-based electricity trading solutions while supporting India’s transition to a more flexible and sustainable power system.