Indian Energy Exchange Hits Record 12,664 MUs Trade in July

Swift Summary

• Indian Energy Exchange (IEX) achieved its highest-ever monthly electricity traded volume of 12,664 MU in july 2025, a 25.5% increase YoY.
• Key market performance details:

– Day-Ahead Market (DAM) recorded a volume of 5,510 MU, a growth of 9% YoY, with a market clearing price at ₹4.18/unit (16% lower YoY).
– Real-Time Market (RTM) registered its highest-ever monthly traded volume at 5,109 MU, up by 53% YoY; price was ₹3.83/unit (23% lower YoY).- Term-Ahead Market (TAM), including contingency and other contracts, traded 917 MU, increasing by 28% YoY.

• IEX Green Market aggregated trading volumes of 1,025 MU, showing a modest growth of 4%; the weighted average price for G-DAM stood at ₹3.91/unit.
• Trade in Renewable Energy Certificates (RECs):

– A total of 16.26 lakh RECs were traded in two sessions during July.
– Clearing price was ₹360/REC; trading volumes dropped by 48% compared to last year.

Indian Opinion Analysis

The record-breaking electricity volumes on IEX reflect significant advancements in India’s power trading efficiency and adaptability amidst evolving energy demands. Notably, the double-digit growth across various segments like DAM and RTM indicates heightened energy consumption and also active participation from producers and distributors to meet this demand flexibly.

The decline in prices for both Day-Ahead and Real-Time markets signals improved supply-side dynamics or potential easing off peak-season pressures, which can provide relief to consumers while maintaining affordability across industries reliant on grid-sourced power.

While renewable energy contributions through REC trades have decreased significantly compared to last year (-48%), it highlights an possibility area for strengthening India’s focus on enduring energy transition mechanisms – possibly requiring innovative policy intervention or incentives towards renewable adoption and green certificate programs.

Overall trade data showcases promising signs aligned with India’s expanding economic activity but also brings into focus challenges like balancing conventional vs green energy sources amid fluctuating prices within dynamic markets.

Read more: the Hindu