Magazine

Last edition
January-February 2025

Home › Business ›IEX Reports 19 Percent Growth in Electricity Trading Volume, Reaches 121 BUs in FY’25

IEX Reports 19 Percent Growth in Electricity Trading Volume, Reaches 121 BUs in FY’25

IEX also recorded the highest-ever yearly trade of Renewable Energy Certificates (REC) in FY’25. A total of 178 lakh RECs were traded during the year, marking a 136 percent YoY increase.

April 05, 2025. By Abha Rustagi

Indian Energy Exchange (IEX) has achieved the highest-ever electricity traded volume of 121 BUs in FY’25, registering an increase of 19 percent on a year-on-year (YoY) basis.

IEX also recorded the highest-ever yearly trade of Renewable Energy Certificates (REC) in FY’25. A total of 178 lakh RECs were traded during the year, marking a 136 percent YoY increase.

During FY’25, the country’s power demand grew by 4.4 percent on a YoY basis. Given the increase in demand, the Ministry of Power took proactive measures throughout the year to enhance power supply like extending the directive for imported coal-based power plants to operate at full capacity, sale of surplus un-requisitioned power on power exchanges, ensuring the availability of gas-based plants and higher availability of generating units to meet peak demand. These measures along with ample availability of coal with coal inventory around 21 days and no loss of generation, in the fiscal year 2025, ensured sufficient supply liquidity in the system.

During the year, the sell liquidity in the Day Ahead Market (DAM) segment increased by 36 percent on a YoY basis, thereby keeping power prices competitive on the exchange. For FY’25, the market clearing price in the DAM was at INR 4.47/unit, as compared to INR 5.24/unit in FY’24, marking a decline of 15 percent YoY.

For Q4FY’25, IEX achieved the highest-ever quarterly electricity traded volume of 31,747 MU, marking an 18 percent YoY increase. IEX recorded the highest quarterly trade of RECs in Q4FY’25. A total of 68 lakh RECs were traded during the quarter, marking a 108 percent YoY increase. The Market Clearing Price in the DAM at INR 4.43/unit during Q4FY’25, declined 9 percent YoY.

For March 2025, IEX achieved the highest-ever monthly electricity traded volume of 11,215 MU, marking a 29 percent increase on a YoY basis. A total of 13 lakh RECs were traded during the month, marking an 18 percent YoY increase.

According to government data published in March '25, the country's energy consumption reached 148 BUs, an increase of 7 percent compared to the previous year. On March 11, 2025, peak demand reached 235 GW, surpassing the maximum peak demand of 222 GW recorded in March 2024. Despite the increase in power demand, the average market clearing price in the DAM during March '25 was INR 4.47/unit due to increased supply.

Tags:

Business

IEX trade

IEX Revenue

IEX Power Market Update

IEX

Indian Energy Exchange

Day-Ahead Market

Renewable Energy Certificates

Electricity market