IEX Power Trade Volume Rises 26% In April; Green Market Doubles

Indian Energy Exchange Ltd. on Monday said its electricity traded volume rose 26% on year to 10.58 billion units in April.
Despite higher demand, the average market-clearing price in the day-ahead market remained steady at ₹5.2 per unit due to improved supply, the company said in an exchange filing.

The day-ahead market clocked 4.23 billion units, up 3% on year, while the real-time electricity market jumped 48% to 3.89 billion units. The day-ahead contingency and term-ahead market, including daily, weekly, and monthly contracts up to three months, traded 1.64 billion units, a 28% increase on year.

The green market, which includes the green day-ahead and green term-ahead segments, saw a sharp 95% rise in volume to 782 million units. The weighted average price in the green day-ahead market for April stood at ₹4.07 per unit.

India’s energy consumption rose 2.2% on year in April to 147.5 billion units, based on government data quoted by IEX. Peak power demand touched 235 GW on April 25, surpassing the 224 GW record from April 2024.

For 2025–26, IEX expects peak power demand to cross 270 GW. To meet the rising requirement, the government has introduced measures such as mandatory operation of imported coal-based and gas-based plants and improved coal availability, which the company said will boost liquidity on power exchanges.

A total of 290,000 renewable energy certificates were traded on April 9 and April 30 at ₹300 and ₹350 per certificate, respectively. The next REC trading sessions are scheduled for May 14 and May 28.