Indian Energy Exchange Limited (IEX) submitted a regulatory filing pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, containing their power market update for May 2026.
The disclosure reports that IEX achieved a total monthly electricity traded volume of 12,983 MU in May 2026, representing an 18.6% year-on-year increase. The exchange also traded 6.10 lakh Renewable Energy Certificates (RECs) during the month, though this represented a 65% decline year-on-year.
Market Context
India's overall energy consumption reached 164.98 BUs in May 2026, growing 11.5% year-on-year. The country's peak power demand surged to a record high of 270.82 GW during the month.
Electricity Market Performance
Day-Ahead Market (DAM): Achieved volume of 4,417 MU in May'26, increasing 24.9% YoY from 3,535 MU in May'25. The average market clearing price was ₹4.88 per unit, up 18.3% YoY. Strong demand drove buy bids up 77% YoY, while sell bids rose 30% YoY.
Real-Time Market (RTM): Volume increased to 5,529 MU in May'26 from 4,770 MU in May'25, registering 15.9% YoY growth. The average RTM market clearing price was ₹4.16 per unit, up 21.2% YoY.
Term-Ahead Market (TAM): Including Day Ahead Contingency and contracts up to 3 months, traded 2,004 MU in May'26 compared to 1,726 MU in May'25, an increase of 16.1% YoY.
Green Market Performance
The Green Market, comprising Green Day-Ahead and Green Term-Ahead Market segments, achieved 1,034 MU volume during May'26 compared to 915 MU in May'25, a 13% YoY increase. The weighted average price in Green Day-Ahead Market (G-DAM) was ₹3.60 per unit, remaining largely flat year-on-year.
Renewable Energy Certificate Market
A total of 6.10 lakh RECs were traded in May'26, down 65% YoY. Trading sessions were held on 13th May'26 and 29th May'26, with clearing price of ₹400 per REC. Sell bids declined by 85.3% YoY, contributing to higher clearing prices. The next REC trading sessions are scheduled for 10th June'26 and 24th June'26.