IEX Q2FY26 Business Update: Electricity Volume Rose to 35,217 MU

The Indian Energy Exchange (IEX), India's leading electricity exchange, has achieved impressive growth across multiple markets during the Q2FY26 and September 2025. Key highlights include robust growth in the Real-Time Market (RTM), Green Market, and electricity traded volumes, even as the average prices for DAM and RTM showed significant YoY declines.

IEX Power Q2FY26 Performance Highlights

In Q2FY26, IEX traded a total of 35,217 million units (MU) of electricity, marking a 16.1% YoY increase. The Real-Time Market (RTM) alone saw a significant surge of 39.1% in volumes, while the Green Market grew by 17.7%. 

Despite this growth, the average price for the Day-Ahead Market (DAM) and RTM were lower by 12.5% and 16.1%, respectively. The overall market showed healthy liquidity due to higher hydro and wind supply.

IEX Power September 2025 Market Update

For September 2025, IEX achieved a monthly electricity traded volume of 11,065 MU, reflecting a 7.1% YoY growth. The RTM registered a strong 22.3% increase YoY, while the Green Market saw impressive growth of 50%. The average DAM price was ₹3.58/unit, and RTM prices averaged ₹3.31/unit, both reflecting a decline from the previous year.

Renewable Energy Certificate Market Performance

IEX saw a total of 44.22 lakh Renewable Energy Certificates (RECs) traded during Q2FY’26, representing a 30% YoY decrease. In September 2025, 6.27 lakh RECs were traded at a clearing price between ₹365 and ₹370/REC, marking a decline of 39% YoY.

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Indian Energy Exchange Share Price Performance

On October 6, 2025, Indian Energy Exchange share price opened at ₹144.31 on NSE, above the previous close of ₹143.59. During the day, it surged to ₹144.80 and dipped to ₹144.15. The stock is trading at ₹144.30 as of 9:17 AM. The stock registered a marginal change of 0.49%.

Over the past week, it has moved up by 3.28%, over the past month, it has moved up by 1.66%, and over the past 3 months, it has declined by 27.61%.

Conclusion

The IEX has demonstrated impressive growth across key sectors, from electricity volumes to green energy trading. Despite price declines, the increase in trading volumes across the RTM and Green Markets points to a strong and evolving energy marketplace in India.

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