Date: July 03, 2026
Quarterly Performance (Q1 FY27)
Indian Energy Exchange Limited achieved a total electricity traded volume of 37,534 MU (million units) during Q1 FY27, representing a 15.9% year-on-year growth.
Market Segment Performance Q1 FY27
- Day-Ahead Market (DAM) including HPDAM: 13,344 MU volume, representing a 7.6% YoY increase from 12,399 MU in Q1 FY26
- Real-Time Electricity Market (RTM): 16,019 MU volume, representing a 23.5% YoY increase from 12,975 MU in Q1 FY26
- Term-Ahead Market (TAM): 5,344 MU volume, representing a 22.9% YoY increase from 4,348 MU in Q1 FY26
- Green Market: 2,827 MU volume, representing a 6.3% YoY increase
- Renewable Energy Certificates (REC): 9.77 lakh RECs traded, representing an 81.4% YoY decline
Price Performance Q1 FY27
- Day-Ahead Market Clearing Price: Rs 5.1/unit, representing a 15.7% YoY increase
- Real-Time Market Clearing Price: Rs 4.5/unit, representing a 13.8% YoY increase
Monthly Performance (June 2026)
IEX achieved a monthly electricity traded volume of 12,210 MU in June 2026, representing a 12.5% year-on-year increase.
Market Segment Performance June 2026
- Day-Ahead Market (DAM) including HPDAM: 4,304 MU volume, representing a 6.6% YoY decline from 4,610 MU in June 2025
- Real-Time Electricity Market (RTM): 5,420 MU volume, representing a 25.7% YoY increase from 4,312 MU in June 2025
- Term-Ahead Market (TAM): 1,533 MU volume, representing a 58.7% YoY increase from 966 MU in June 2025
- Green Market: 953 MU volume, representing a 1.2% YoY decline from 964 MU in June 2025
- Renewable Energy Certificates (REC): 2.49 lakh RECs traded, representing a 92.3% YoY decline
Price Performance June 2026
- Day-Ahead Market Clearing Price: Rs 5.2/unit, representing a 32.4% YoY increase
- Real-Time Market Clearing Price: Rs 4.4/unit, representing a 17.0% YoY increase
- Green Day-Ahead Market Weighted Average Price: Rs 3.79/unit
REC Market Details
During Q1 FY27, sell bids declined by 86.1% YoY, leading to a rise in clearing prices. In June 2026, specific REC trading sessions were held:
- 10th June 2026: Clearing price of Rs. 400/REC
- 24th June 2026: Clearing price of Rs. 395/REC
Sell bids declined by 85.9% YoY in June 2026. Future REC trading sessions are scheduled for 8th July 2026 and 29th July 2026.
Market Context and Drivers
The performance was driven by extreme weather conditions including:
- Hotter-than-normal summer with persistent heatwaves and above-normal temperatures
- India's peak power demand surged to an all-time high of 270.8 GW in May 2026
- Country's energy consumption reached 485.4 BUs in Q1 FY27, registering 8.8% YoY growth
- June 2026 energy consumption reached 166.5 BUs, reflecting 11.6% YoY growth
- Driest June in over a decade with Southwest monsoon rainfall nearly 40% below long-period average
The surge in power demand pushed prices higher in both DAM and RTM segments during the period.