Indian Energy Exchange (IEX), India’s premier electricity exchange, recorded a monthly electricity traded volume of 12,550 million units (MU) in February 2026, marking a 30.4% increase on a year-on-year basis. The exchange also achieved its highest daily average electricity traded volume of 448 MU during the month. Additionally, 18.86 lakh Renewable Energy Certificates (RECs) were traded in February 2026, registering a 15.2% increase compared with the same period last year.
According to government data published in February 2026, the country’s total energy consumption reached 133 billion units (BU), reflecting a 1.9% rise compared to the previous year. Despite the growth in consumption, electricity prices on power exchanges remained lower than last year due to improved supply liquidity on the exchange platform. The market clearing price in the Day-Ahead Market (DAM) stood at an average of ₹3.58 per unit in February 2026, representing a decline of 18.3% year-on-year. Similarly, the Real-Time Market (RTM) recorded an average price of ₹3.59 per unit, which was 18.7% lower than February 2025.
These lower prices created an opportunity for distribution companies (DISCOMs) as well as commercial and industrial consumers to meet their electricity requirements at competitive rates and replace higher-cost power purchases with procurement through the exchange.
In the Day-Ahead Market (DAM) segment, IEX recorded a traded volume of 6,588 MU in February 2026, compared with 5,369 MU in February 2025, reflecting a 22.7% year-on-year increase. The Real-Time Market (RTM) continued to witness strong growth, with traded volume rising to 4,379 MU in February 2026 from 2,887 MU in February 2025, registering a 51.7% increase year-on-year. Meanwhile, the Day-Ahead Contingency and Term-Ahead Market (TAM) which includes contingency, daily, weekly and monthly contracts of up to three months recorded 775 MU of traded volume during the month, compared with 814 MU in February 2025, reflecting a 4.7% decline.
The IEX Green Market, comprising the Green Day-Ahead Market (G-DAM) and Green Term-Ahead Market (G-TAM) segments, recorded a traded volume of 808 MU in February 2026, compared with 552 MU in February 2025, registering a 46.3% increase year-on-year. The weighted average price in the Green Day-Ahead Market stood at ₹3.43 per unit, which was 25.3% lower compared with the previous year.
In the Renewable Energy Certificate (REC) market, a total of 18.86 lakh RECs were traded during the trading sessions held on 11 February 2026 and 25 February 2026, with clearing prices of ₹333 per REC and ₹337 per REC respectively. The traded volume in February 2026 recorded a 15.2% increase year-on-year. The next REC trading sessions at the exchange are scheduled for 11 March 2026 and 25 March 2026.
