The Indian Energy Exchange (IEX), the country’s leading electricity trading platform, reported its highest-ever monthly electricity traded volume of 12,664 million units (MU) in July 2025, inclusive of Transmission Restraint Area Scheduling (TRAS). This represents a 25.5% year-on-year (YoY) growth, reflecting strong demand and increased market participation.
India’s total electricity consumption for July 2025 reached 153.6 billion units (BU), marking a 2.6% YoY increase, according to recent government data.
Despite the surge in demand, electricity prices on the exchange were notably lower due to improved supply-side liquidity. The Market Clearing Price in the Day Ahead Market (DAM) stood at ₹4.18/unit, down 16% YoY, while the Real-Time Market (RTM) price was ₹3.83/unit, registering a 23% decline.
These lower prices enabled Discoms and Commercial & Industrial (C&I) consumers to procure power competitively, replacing costlier bilateral sources.
The Green Market, comprising Green Day-Ahead Market (G-DAM) and Green Term-Ahead Market (G-TAM), achieved a combined volume of 1,025 MU, up 4% YoY. The weighted average price in G-DAM stood at ₹3.91/unit, offering green power buyers price-efficient access to renewable energy.
A total of 16.26 lakh Renewable Energy Certificates (RECs) were traded during sessions on July 9 and July 30, at a clearing price of ₹360/REC. However, the REC market saw a 48% YoY decline in traded volume. The next trading sessions are scheduled for August 13 and August 27, 2025.
Meanwhile, recently, market coupling has been initiated in India, aligning prices across all power exchanges. Under this mechanism, a single uniform clearing price is discovered, enabling better transparency, liquidity, and efficiency in the power market. IEX, as the largest player, continues to adapt to this transformative change in the Indian power market structure.
After this development, on July 24, 2025, shares of Indian Energy Exchange (IEX) witnessed a sharp nosedive, eventually recording their steepest single-day decline since the company’s listing.
On August 5, 2025, IEX share price (NSE: IEX) opened at ₹135.00, up from its previous close of ₹133.98. At 11:20 AM, the share price of IEX was trading at ₹133.74, down by 0.18% on the NSE. Notably, the stock hit its 52-week low on August 4, 2025, at ₹130.65.
Also Read: IEX Shares Plunge 10% After Market Coupling Announcement; 4.1 Crore Sell Orders Pending!
IEX’s record-breaking performance in July 2025 underscores its leadership in facilitating transparent and efficient electricity trading. The rise in volumes across DAM, RTM, and green markets, coupled with declining prices, highlights growing confidence in market-based procurement. With market coupling now in force, the Indian power market is set to become even more unified and competitive in the months ahead.
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: Aug 5, 2025, 11:57 AM IST
Nikitha Devi
Nikitha is a content creator with 7+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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