Date: November 3, 2026

Market Performance Overview

Indian Energy Exchange (IEX) recorded monthly electricity traded volume of 13,092 MUs (13.1 BU) in October 2026, representing a 16.5% year-on-year increase.

Volume Performance by Market Segment

Day-Ahead Market (DAM):

  • Volume: 4,508 MU in October 2026 compared to 4,684 MU in October 2025
  • Performance: Decline of 3.8% YoY

Real-Time Electricity Market (RTM):

  • Volume: 5,670 MU in October 2026 compared to 4,583 MU in October 2025
  • Performance: Increase of 23.7% YoY

Term-Ahead Market (TAM):

  • Volume: 2,175 MU in October 2026 compared to 911 MU in October 2025
  • Performance: Increase of 138.8% YoY
  • Components: Includes Day Ahead Contingency, HPTAM, intraday, contingency, daily & weekly, and monthly contracts up to 3 months

Green Market:

  • Volume: 738 MU in October 2026 compared to 1,055 MU in October 2025
  • Performance: Decline of 30% YoY
  • Segments: Comprises Green Day-Ahead and Green Term-Ahead Market
  • Green Day-Ahead Market (G-DAM) weighted average price: Rs 4.13/unit in October 2026, representing a 67% increase YoY

Price Performance

Day-Ahead Market Prices:

  • Average market clearing price: Rs 6.66/unit in October 2026
  • Comparison: Increased 149% from Rs 2.67/unit in October 2025

Real-Time Market Prices:

  • Average market clearing price: Rs 5.78/unit in October 2026
  • Performance: Increase of 112% year-on-year

REC Market Performance

  • Volume: 12.22 lakh RECs traded in October 2026
  • Performance: Increase of 97.5% YoY
  • Trading Sessions: Held on 14th October 2026 (clearing price: Rs 338/REC) and 28th October 2026 (clearing price: Rs 330/REC)
  • Future Sessions: Scheduled on 11th November 2026 and 25th November 2026

Market Context and Drivers

Energy Consumption:

  • India's energy consumption: 159.8 BUs in October 2026
  • Growth: 21.9% year-on-year increase

Demand Factors:

  • Buy bids in Day-Ahead Market increased 265% year-on-year
  • Price increase drivers: Low base in corresponding month last year, increased power demand

Weather Impact:

  • Warmer weather due to El Niño and below-normal monsoon rainfall drove strong power demand in first half of month
  • Cooler weather, rainfall, and impact of Cyclone Arnab led to easing of demand during latter days of month
  • Higher supply liquidity during subdued demand periods resulted in near-zero prices in Real-Time Market across multiple time blocks

Company Background

IEX is India's premier energy exchange providing nationwide automated trading platform for physical delivery of electricity, renewable energy, and certificates including renewable energy certificates and energy saving certificates. The exchange is ISO certified for quality management, information security management, and environment management since August 2016. The company is publicly listed on NSE and BSE since October 2017 and regulated by Central Electricity Regulatory Commission since 27 June 2008.