New Delhi: Indian Energy Exchange (IEX) recorded a total electricity traded volume of 10,910 million units (MU) in January 2025, marking a 16 per cent year-on-year increase. The exchange also reported its highest-ever monthly trade of Renewable Energy Certificates (RECs), with 38.03 lakh certificates traded during the month, reflecting a 150 per cent rise compared to the same period last year.
According to government data released in January 2025, the country’s energy consumption reached 137.5 billion units (BUs), an increase of 2.7 per cent over the previous year. Increased supply-side liquidity in the Day-Ahead Market (DAM) contributed to moderating electricity prices on the exchange. The Market Clearing Price in the DAM stood at Rs 4.43 per unit in January 2025, registering a 24 per cent decline on a year-on-year basis. The lower prices provided an opportunity for discoms and commercial and industrial consumers to meet their power demand at competitive rates.
The DAM segment recorded a traded volume of 6,015 MU in January 2025, up 9 per cent from 5,540 MU in January 2024. The Real-Time Electricity Market (RTM) registered a 28 per cent year-on-year increase, with volume rising to 3,036 MU from 2,380 MU in January 2024. The Day-Ahead Contingency and Term-Ahead Market (TAM), which includes contingency, daily, weekly, and monthly contracts up to three months, recorded 1,107 MU in January 2025, reflecting a 9 per cent decline compared to the same month last year.
The Green Market segment, comprising the Green Day-Ahead Market (G-DAM) and Green Term-Ahead Market (G-TAM), recorded a total traded volume of 752 MU in January 2025, marking a 218 per cent year-on-year increase from 236 MU in January 2024. The G-DAM segment registered a 235 per cent rise, with volumes reaching 702 MU at a weighted average price of Rs 4.66 per unit, compared to 210 MU in January 2024. The G-TAM segment recorded a volume of 50 MU, up 89 per cent year-on-year from 27 MU in January 2024, with an average monthly price of Rs 4.77 per unit for non-solar energy.
IEX recorded its highest-ever monthly trade in the REC market in January 2025, with a total of 38.03 lakh RECs traded across sessions held on January 8 and January 29. The clearing price stood at Rs 325 per REC and Rs 340 per REC, respectively. The traded volume in the REC market increased by 150 per cent year-on-year. The next REC trading sessions at the exchange are scheduled for February 12 and February 26.