In June 2025, the Indian Energy Exchange (IEX) recorded a total electricity trading volume of 10,852 million units (MU), which is 6.5% higher than last year. The Real-Time Market (RTM) grew 34% YoY, and the Green Market rose 30% YoY.
Renewable Energy Certificate (REC) trading soared 636% YoY, with 32.32 lakh certificates traded. The average Day-Ahead Market (DAM) price was ₹3.90/unit, which is 28% lower compared to June 2024.
In Q1 FY26, IEX recorded 32,382 MU of electricity traded, reflecting a 15% year-on-year increase. Real-Time Market (RTM) volumes surged 41% compared to last year, and the Green Market expanded by 51%. REC trading reached 52.65 lakh units, up 149% year-on-year. The average price in the Day-Ahead Market was ₹4.41 per unit, which is 16% lower than the previous year, mainly because cooler weather reduced demand while hydro, wind, and coal supplies remained strong.
In June, the Day-Ahead Market (DAM) saw volumes of 4,610 MU, a 5% decline year-on-year, while the quarterly DAM volume reached 12,399 MU, down 7% from last year. The Real-Time Market performed strongly, with June volumes rising 34% YoY to 4,312 MU and quarterly volumes growing 41% to 12,975 MU. Meanwhile, the Term-Ahead Market (TAM) volumes dropped 30% in June but increased by 12% in the first quarter of FY26.
In June, the Green Market recorded a trading volume of 964 MU, marking a 30% increase compared to last year, with an average rate of ₹3.30 per unit. Quarterly Green Market volumes reached 2,660 MU, a 51% jump YoY. REC trading saw huge growth—32.32 lakh RECs traded in June, and 52.65 lakh RECs in the quarter. Clearing prices were ₹350–₹360 per certificate.
The early monsoon and cooler temperatures led to lower electricity demand.
At the same time, higher renewable and coal-based supply kept prices low. On May 25, heavy rains caused RTM prices to drop to ₹1.53/unit, with near-zero prices in several time slots.
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IEX is India’s top electricity exchange platform, enabling transparent, automated trading of electricity and renewable certificates. Listed on NSE and BSE, it is regulated by the Central Electricity Regulatory Commission.
As of 11:23 am IST on July 4, 2025, IEX share price was trading at ₹198.63, up 0.45% for the day. The stock opened at ₹198.80 and moved between a high of ₹200.69 and a low of ₹197.34 during the session. The company has a market capitalisation of ₹17,660 crore, a price-to-earnings (P/E) ratio of 41.12, and offers a dividend yield of 1.51%. Its 52-week high and low stand at ₹244.40 and ₹151.00, respectively. The quarterly dividend amount declared is ₹0.75 per share.
IEX showed strong trading growth across power and green segments in Q1 FY26, despite weaker seasonal demand. Lower prices created opportunities for buyers, while rising REC volumes highlighted India’s shift toward cleaner energy.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 4, 2025, 11:37 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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