Indian Energy Exchange (IEX) Reports 30% Surge in February Power Volumes

Indian Energy Exchange (IEX), India’s premier electricity exchange, reported a robust performance in February 2026. 

The exchange achieved a total electricity traded volume of 12,550 million units (MU), marking a 30.4% year-on-year increase. In addition, 18.86 lakh Renewable Energy Certificates (RECs) were traded during the month, reflecting a 15.2% YoY growth.

Power Demand and Price Trends

According to government data released in February 2026, India’s energy consumption reached 133 billion units (BUs), up 1.9% compared to the previous year. Despite the rise in overall consumption, power prices on exchanges declined due to improved supply liquidity.

The Market Clearing Price in the Day-Ahead Market (DAM) stood at ₹3.58 per unit, down 18.3% YoY. Similarly, the Real-Time Market (RTM) price averaged ₹3.59 per unit, registering an 18.7% decline. Lower prices offered an opportunity for discoms and commercial and industrial consumers to optimise procurement costs by replacing costlier power with exchange-traded electricity.

Electricity Market Performance

The Day-Ahead Market recorded a volume of 6,588 MU in February 2026, compared to 5,369 MU in February 2025, reflecting a 22.7% YoY growth.

The Real-Time Market witnessed strong traction, with volumes rising to 4,379 MU from 2,887 MU last year, marking a 51.7% YoY increase.

However, the Day Ahead Contingency and Term-Ahead Market (TAM), which includes daily, weekly, and monthly contracts up to three months, traded 775 MU, slightly lower than 814 MU in the previous year, a 4.7% decline.

Green Market and REC Trading

The IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead segments, recorded 808 MU in February 2026, up 46.3% YoY. The weighted average price in the Green Day-Ahead Market stood at ₹3.43 per unit, declining 25.3% compared to last year.

In the REC market, 18.86 lakh certificates were traded in sessions held on February 11 and February 25, 2026, at clearing prices of ₹333 and ₹337 per REC, respectively. The next trading sessions are scheduled for March 11 and March 25, 2026.

IEX Share Price Today

On March 5, 2026, IEX share price opened at ₹120.40, touching the day’s high at ₹120.95, as of 10:36 AM on the NSE.

Also Read: IEX Power Trading Volumes Grow 11% Year-on-Year in October–December Quarter!

Conclusion

IEX’s February 2026 performance highlights strong volume growth across key market segments, supported by improved liquidity and competitive pricing. The continued rise in green market and REC activity underscores growing participation in renewable energy trading.

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