Indian Energy Exchange (IEX) reported a total electricity traded volume of 12,983 million units (MU) in May 2026, marking an 18.6% year-on-year (YoY) increase amid record national power demand and energy consumption.
The Day-Ahead Market (DAM), including the High Price Day-Ahead Market (HP-DAM), recorded a traded volume of 4,417 MU, up 25% from 3,535 MU in May 2025. The Real-Time Market (RTM) traded 5,529 MU, registering a 16% YoY increase, while the Term-Ahead Market (TAM) recorded 2,004 MU, up 16.1% from the corresponding period last year.
IEX’s Green Market, comprising the Green Day-Ahead Market and Green Term-Ahead Market segments, achieved a traded volume of 1,034 MU, reflecting a 13% YoY increase. The weighted average price in the Green Day-Ahead Market remained stable at Rs 3.60 per unit.
Market prices rose sharply during the month, with the average DAM clearing price increasing 18.3% YoY to Rs 4.88 per unit, while the RTM clearing price averaged Rs 4.16 per unit, up 21.2%. According to the exchange, strong demand conditions drove the increase, with buy bids rising 77% YoY and sell bids increasing 30%.
India’s total energy consumption reached 164.98 billion units in May 2026, an increase of 11.5% over the previous year. Peak power demand touched a record high of 270.82 GW during the month.
In contrast, Renewable Energy Certificate (REC) trading volumes declined significantly. A total of 6.10 lakh RECs were traded in May, representing a 65% YoY decline. Two trading sessions were conducted on May 13 and May 29, with a clearing price of Rs 400 per REC. IEX attributed the decline primarily to an 85.3% fall in sell bids.
The next REC trading sessions on the exchange are scheduled for June 10 and June 24, 2026.