Indian Energy Exchange (IEX) reported a traded electricity volume of 12,983 million units (MU) in May 2026, marking a robust year-on-year growth of 18.6% as rising temperatures and increasing energy consumption drove higher demand across the country.
India’s energy consumption reached 164.98 billion units (BU) during the month, up 11.5% compared to May 2025. The country also recorded an all-time high peak power demand of 270.82 GW, reflecting the growing electricity requirements of consumers and industries.
Strong demand conditions were evident in the Day-Ahead Market (DAM), where buy bids surged 77% year-on-year, while sell bids increased by 30%. The heightened demand pushed the average market clearing price in DAM to Rs 4.88 per unit, an increase of 18.3% from the previous year. The average market clearing price in the Real-Time Market (RTM) stood at Rs 4.16 per unit, up 21.2% year-on-year.
In the Day-Ahead Market, including the High Price Day-Ahead Market (HP-DAM), traded volumes reached 4,417 MU in May 2026, compared to 3,535 MU in the corresponding month last year, registering a growth of 24.9%. The Real-Time Market recorded a volume of 5,529 MU, up 15.9% from 4,770 MU traded in May 2025.
The Day-Ahead Contingency and Term-Ahead Market (TAM), including High Price TAM (HPTAM), traded 2,004 MU during the month, reflecting a 16.1% increase from 1,726 MU recorded a year earlier.
Meanwhile, IEX Green Market, comprising the Green Day-Ahead Market (G-DAM) and Green Term-Ahead Market (G-TAM), achieved a traded volume of 1,034 MU in May 2026, up 13% year-on-year. The weighted average price in the Green Day-Ahead Market remained largely stable at Rs 3.60 per unit.
In the Renewable Energy Certificate (REC) market, a total of 6.10 lakh certificates were traded during May 2026. However, REC trading volumes declined 65% year-on-year, primarily due to an 85.3% drop in sell bids. Trading sessions held on May 13 and May 29 cleared at Rs 400 per REC, with lower supply contributing to firmer prices.
The next REC trading sessions on the exchange are scheduled for June 10 and June 24, 2026.
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 recorded an 18.6% year-on-year increase in electricity trading volume to 12,983 MU in May 2026, as India's power consumption rose 11.5% and peak demand reached a record 270.82 GW.){kind=link}