New Delhi: The Indian Energy Exchange (IEX) recorded 10,852 million units (MU) of electricity traded in June 2025, marking a 6.
% year-on-year rise, while the Renewable Energy Certificate (REC) market saw a 636% increase in traded volume, with 32.32 lakh RECs changing hands during the month.
In the first quarter of FY26, IEX traded 32,382 MU of electricity, registering a 15% increase over the corresponding period last year. REC volumes stood at 52.65 lakh during Q1 FY26, up 149% year-on-year.
According to government data published in June 2025, India’s energy consumption reached 150.04 billion units (BUs), registering a 1.5% decline from the same period last year due to the early onset of monsoon. The Market Clearing Price (MCP) in the Day Ahead Market (DAM) for June 2025 stood at ₹3.90 per unit, showing a 28% year-on-year decline. In the Real Time Market (RTM), the MCP was ₹3.73 per unit, a 26% drop from the previous year.
The average MCP in DAM during Q1 FY26 was ₹4.41 per unit, down 16% from Q1 FY25, while RTM prices averaged ₹3.91 per unit, reflecting a 20% decline. On May 25, 2025, RTM prices dropped to ₹1.53 per unit during heavy rains, with some time blocks between 9:15 am and 2:30 pm recording near-zero prices.
The DAM (including High Price DAM) traded 4,610 MU in June 2025, down 5% year-on-year. For the full quarter, DAM volumes stood at 12,399 MU, registering a 7% decline compared to Q1 FY25.
The RTM segment reported a 34% year-on-year increase in June volumes, reaching 4,312 MU compared to 3,213 MU in June 2024. RTM volumes for Q1 FY26 were at 12,975 MU, reflecting a 41% increase year-on-year.
The Day Ahead Contingency and Term-Ahead Market (TAM) recorded a 30% decline in June 2025 volumes, trading 966 MU against 1,380 MU in June 2024. However, the segment clocked 4,348 MU for Q1 FY26, a 12% rise over Q1 FY25.
The Green Market, comprising the Green DAM and Green TAM segments, traded 964 MU in June 2025, a 30% increase year-on-year. The Green DAM recorded a weighted average price of ₹3.30 per unit in June. Cumulatively, the Green Market traded 2,660 MU in Q1 FY26, marking a 51% increase over Q1 FY25.
Two REC trading sessions were held in June 2025—on the 11th and 25th—with clearing prices at ₹350/REC and ₹360/REC respectively. The next REC trading sessions are scheduled for July 9 and July 30.
