Power Trading Hits Record High as Indian Energy Exchange Clocks 13,050 MU in January 2026

Indian Energy Exchange reports 19.6% year-on-year growth in traded volumes, strong Real-Time Market performance and lower DAM and RTM prices amid improved power supply liquidity

Indian Energy Exchange recorded its highest-ever monthly electricity traded volume in January 2026, with total volumes reaching 13,050 million units, marking a 19.6% increase compared to the same period last year. During the month, a total of 23.91 lakh Renewable Energy Certificates were also traded on the exchange.
According to government data released in January 2026, India’s overall energy consumption stood at 142.74 billion units, reflecting a year-on-year increase of 3.8%. Higher availability of power from hydro, wind and solar sources, combined with sustained coal-based generation, led to improved supply liquidity on the exchange platform. This resulted in a notable decline in market prices across segments. The market clearing price in the Day Ahead Market averaged ₹3.86 per unit during the month, lower by 12.9% year-on-year, while the Real Time Market price averaged ₹3.72 per unit, a decline of 15.9% compared to January 2025.

The lower prices enabled distribution companies as well as commercial and industrial consumers to meet demand at more competitive rates and replace higher-cost power through exchange-based procurement.
In the electricity market segments, the Day Ahead Market achieved traded volumes of 6,182 million units in January 2026, compared with 6,015 million units in January 2025, registering a growth of 2.8% year-on-year. The Real Time Market recorded a sharp increase, with volumes rising to 4,638 million units from 3,036 million units a year earlier, reflecting a 52.8% year-on-year growth.

The Day Ahead Contingency and Term Ahead Market, which includes contingency, daily, weekly and monthly contracts of up to three months, traded 1,397 million units during the month, up from 1,107 million units in January 2025, representing an increase of 26.2% year-on-year.
In the green power segment, the IEX Green Market, which comprises the Green Day Ahead and Green Term Ahead Market segments, achieved traded volumes of 832 million units in January 2026, compared to 752 million units in the corresponding period last year, reflecting a growth of 10.7%. The weighted average price in the Green Day Ahead Market stood at ₹4.06 per unit during the month, lower by 12.5% year-on-year.

The Renewable Energy Certificate market saw a total of 23.91 lakh RECs traded during the trading sessions held on 14 January and 28 January 2026, at clearing prices of ₹339 per REC and ₹333 per REC respectively. REC traded volumes declined by 37.1% on a year-on-year basis. The next REC trading sessions on the exchange are scheduled for 11 February and 25 February 2026.

Power Trading Hits Record High as Indian Energy Exchange Clocks 13,050 MU in January 2026
Indian Energy Exchange reports 19.6% year-on-year growth in traded volumes, strong Real-Time Market performance and lower DAM and RTM prices amid improved power supply liquidity
Indian Energy Exchange recorded its highest-ever monthly electricity traded volume in January 2026, with total volumes reaching 13,050 million units, marking a 19.6% increase compared to the same period last year. During the month, a total of 23.91 lakh Renewable Energy Certificates were also traded on the exchange.

According to government data released in January 2026, India’s overall energy consumption stood at 142.74 billion units, reflecting a year-on-year increase of 3.8%. Higher availability of power from hydro, wind and solar sources, combined with sustained coal-based generation, led to improved supply liquidity on the exchange platform. This resulted in a notable decline in market prices across segments. The market clearing price in the Day Ahead Market averaged ₹3.86 per unit during the month, lower by 12.9% year-on-year, while the Real Time Market price averaged ₹3.72 per unit, a decline of 15.9% compared to January 2025.
The lower prices enabled distribution companies as well as commercial and industrial consumers to meet demand at more competitive rates and replace higher-cost power through exchange-based procurement.

In the electricity market segments, the Day Ahead Market achieved traded volumes of 6,182 million units in January 2026, compared with 6,015 million units in January 2025, registering a growth of 2.8% year-on-year. The Real Time Market recorded a sharp increase, with volumes rising to 4,638 million units from 3,036 million units a year earlier, reflecting a 52.8% year-on-year growth.
The Day Ahead Contingency and Term Ahead Market, which includes contingency, daily, weekly and monthly contracts of up to three months, traded 1,397 million units during the month, up from 1,107 million units in January 2025, representing an increase of 26.2% year-on-year.

In the green power segment, the IEX Green Market, which comprises the Green Day Ahead and Green Term Ahead Market segments, achieved traded volumes of 832 million units in January 2026, compared to 752 million units in the corresponding period last year, reflecting a growth of 10.7%. The weighted average price in the Green Day Ahead Market stood at ₹4.06 per unit during the month, lower by 12.5% year-on-year.
The Renewable Energy Certificate market saw a total of 23.91 lakh RECs traded during the trading sessions held on 14 January and 28 January 2026, at clearing prices of ₹339 per REC and ₹333 per REC respectively. REC traded volumes declined by 37.1% on a year-on-year basis. The next REC trading sessions on the exchange are scheduled for 11 February and 25 February 2026.

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