Indian Energy Exchange (IEX) achieved highest ever electricity traded volume of 121 BUs in FY25, registering an increase of 19 per cent on YoY basis.
IEX recorded highest ever yearly trade of RECs in FY25. A total of 178 lakh Renewable Energy Certificates were traded during the year, marking 136 per cent year on year increase.
During FY25, the country’s power demand grew by 4.4 per cent on a year-on-year basis. Given the increase in demand, the Ministry of Power took proactive measures throughout the year to enhance power supply like extending the directive for imported coal-based power plants to operate at full capacity, sale of surplus un-requisitioned power on power exchanges, ensuring the availability of gas-based plants and higher availability of generating units to meet peak demand. These measures along with ample availability of coal with coal inventory around 21 days and no loss of generation, in the fiscal year 2025, ensured sufficient supply liquidity in the system.
During the year, the sell liquidity in the DAM segment increased by 36 per cent on a year-on-year basis, thereby keeping power prices competitive on the exchange. For FY25, the market clearing price in the Day Ahead Market was at Rs.4.47/unit, as compared to Rs.5.24/unit in FY24, marking a decline of 15 per cent YoY.
According to government data published in March 2025, the country’s energy consumption reached 148 BUs, an increase of 7 per cent compared to the previous year. On March 11, 2025, peak demand reached 235 GW, surpassing the maximum peak demand of 222 GW recorded in March 2024. Despite the increase in power demand, the average market clearing Price in the Day Ahead Market during March2025 was Rs.4.47/unit due to increased supply.
Electricity Market
The Day-Ahead Market (DAM) achieved 61,311 MU for FY25, as compared to 53,353 MU in FY24, registering an increase of 15 per cent on YoY basis.
The Real-Time Electricity Market (RTM) volume increased to 38,896 MU for FY25, as compared to 30,125 MU in FY24, registering an increase of 29 per cent on YoY basis.
Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, achieved 11,760 MU in FY25, decline of 21 per cent on YoY basis.
Green Market
IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 8,746 MU, an increase of 171 per cent on YoY basis. The weighted average price in Green Day-Ahead Market (G-DAM) for FY25 was Rs.4.01/unit.
Also read: IEX trading volume grows 9 per cent in February 2025
REC Market
A total of 178 lakh RECs were traded during FY25. REC traded volume in FY25 increased by 136 per cent on YoY basis. The next REC trading sessions at the Exchange are scheduled on 09th April 2025 and 30th April 2025.
