IEX Power Volumes Rise in December, Prices Remain Soft

Indian Energy Exchange reported higher electricity traded volumes across December 2025 and third quarter of 2025-26, while market prices stayed lower on a year-on-year basis due to strong supply conditions.

During the April-December period of 2025-26, IEX recorded electricity traded volume of 101.68 billion units, up 14.3% from a year earlier. Volumes in the real-time market rose 38.6% on year. The average day-ahead market price fell 14.1% on year to ₹3.85 per unit, while the average real-time market price declined 16.3% to ₹3.56 per unit.

In the third quarter of 2025-26, electricity traded volume increased 11.9% on year to 34.08 billion units, supported by a 35.7% rise in real-time market volumes. Higher supply from hydro, wind and sustained coal-based generation improved market liquidity, leading to lower prices. The average day-ahead market price declined 13.2% on year to ₹3.22 per unit, while the average real-time market price fell 11.6% to ₹3.26 per unit.

For December 2025, IEX achieved a monthly electricity traded volume of 11.44 billion units, up 2.8% on year. Real-time market volumes grew 20.5% on year. Prices edged higher during the month, with the average day-ahead market price rising 0.7% on year to ₹3.92 per unit and the average real-time market price increasing 2.2% to ₹3.93 per unit.

IEX also traded 18.63 lakh renewable energy certificates during the third quarter and 7.7 lakh certificates in December. Government data showed India’s energy consumption rose 7% on year to 138.39 billion units in December, even as power prices remained largely stable due to adequate supply.