Indian Energy Exchange Ltd (IEX) on Monday (March 3) reported a 9% year-on-year (YoY) increase in electricity traded volume, reaching 9,622 million units (MU) in February 2025. The surge was driven by strong demand across market segments, with the day-ahead market (DAM) and real-time market (RTM) posting double-digit growth.

The DAM segment traded 5,369 MU, marking a 14% YoY rise, while RTM volume increased 23% to 2,887 MU over the year-ago period. However, the term-ahead market (TAM) saw a 45% YoY decline, trading 814 MU during the month.

Despite higher demand, market clearing prices in the DAM segment fell 11% YoY to ₹4.38 per unit, reflecting higher liquidity on the supply side. This price drop provided distribution companies (discoms) and industrial consumers an opportunity to procure power at competitive rates.

The IEX Green Market saw significant growth, with volumes rising 85% YoY to 552 MU. The green day-ahead market (G-DAM) surged 95% YoY to 519 MU, while the green term-ahead market (G-TAM) posted a modest 3% YoY increase to 33 MU.

Additionally, 16.37 lakh renewable energy certificates (RECs) were traded, a 167% YoY jump, at clearing prices of ₹350 and ₹349 per REC in trading sessions held on February 12 and February 27, 2025.

Shares of Indian Energy Exchange Ltd ended at ₹154.60, down by ₹1.55, or 0.99%, on the BSE.

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