Mumbai, 04 th February 2026: Indian Energy Exchange, India’s premier electricity exchange, achieved highest ever monthly electricity traded volume of 13,050 MU in January’26, marking a 19.6% increase on year-on-year basis. A total of 23.91 lakh Renewable Energy Certificates were traded during the month.
According to government data published in January’26, the country’s energy consumption reached 142.74 BUs, increase of 3.8% compared to the previous year. Enhanced hydro, wind, solar generation along with sustained supply from coal-based generation resulted in higher supply liquidity on the exchange platform, leading to a substantial decline in DAM and RTM prices. The market clearing Price in the Day Ahead Market at Rs. 3.86/unit during January’26, declined 12.9% YoY. Similarly, price in the Real Time Market at Rs 3.72/unit during January’26, declined 15.9% YoY.
These prices presented an opportunity for Discoms and Commercial & Industrial consumers to meet their demand at a competitive price and to replace their costlier power by procuring through exchanges.
ELECTRICITY MARKET: DAY- AHEAD, TERM- AHEAD & REAL-TIME MARKET
The Day-Ahead Market (DAM) achieved 6,182 MU volume in January’26 as compared 6,015
MU volume in January’25, increase of 2.8% YoY.
The Real-Time Electricity Market (RTM) volume increased to 4,638 MU in January’26, from 3,036 MU in January’25, registering an increase of 52.8 % YoY.
Day Ahead Contingency and Term-Ahead Market (TAM), comprising contingency, daily & weekly and monthly contracts up to 3 months, traded 1,397 MU in January’26 as compared to 1,107 MU volume in January’25, increase of 26.2% YoY.
GREEN MARKET: GREEN DAY-AHEAD & GREEN TERM-AHEAD MARKET
IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 832 MU volume during January’26 as compared to 752 MU in January’25, increase of 10.7% YoY. The weighted average price in Green Day-Ahead Market (G-DAM) for January’26 at Rs 4.06/ unit, declined 12.5% YoY.
RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET)
A total of 23.91 lakh RECs were traded in the trading sessions held on 14th January’26 and 28th Janauary’26 at a clearing price of Rs.339/REC and Rs. 333/REC respectively. REC traded volume in January’26 decreased by 37.1% on YoY basis.
The next REC trading sessions at the Exchange are scheduled on 11th Feb’26 and 25th Feb’26.
