Mumbai, Feb 04: Indian Energy Exchange, recorded its highest-ever monthly electricity traded volume of 13,050 million units (MU) in January 2026, registering a robust 19.6 percent year-on-year growth. During the month, a total of 23.91 lakh Renewable Energy Certificates (RECs) were traded on the platform.

According to government data released in January 2026, India’s total energy consumption stood at 142.74 billion units (BUs), reflecting a 3.8 percent increase year-on-year. Higher availability from hydro, wind and solar generation, coupled with sustained coal-based supply, significantly improved supply-side liquidity on the exchange. This led to a notable decline in electricity prices across key market segments.

The market clearing price in the Day-Ahead Market (DAM) averaged ₹3.86 per unit in January 2026, marking a 12.9 percent year-on-year decline. Similarly, the Real-Time Market (RTM) price averaged ₹3.72 per unit, down 15.9 percent year-on-year. These lower prices enabled distribution companies and commercial and industrial consumers to meet demand at competitive rates while replacing higher-cost power procurement.

Electricity Market Performance

The Day-Ahead Market (DAM) recorded a traded volume of 6,182 MU in January 2026, compared to 6,015 MU in January 2025, reflecting a 2.8 percent year-on-year increase.

The Real-Time Electricity Market (RTM) witnessed strong growth, with volumes rising to 4,638 MU from 3,036 MU in January 2025, registering a significant 52.8 percent year-on-year increase.

The Day-Ahead Contingency and Term-Ahead Market (TAM)—covering contingency, daily, weekly and monthly contracts up to three months—traded 1,397 MU during the month, up 26.2 percent year-on-year from 1,107 MU in January 2025.

Green Market Performance

The IEX Green Market, which includes the Green Day-Ahead Market (G-DAM) and Green Term-Ahead Market (G-TAM), achieved a traded volume of 832 MU in January 2026, compared to 752 MU in January 2025, recording a 10.7 percent year-on-year growth. The weighted average price in the Green Day-Ahead Market stood at ₹4.06 per unit, declining 12.5 percent year-on-year.

Renewable Energy Certificate Market

A total of 23.91 lakh RECs were traded across sessions held on January 14 and January 28, 2026, at clearing prices of ₹339 per REC and ₹333 per REC, respectively. REC traded volumes declined 37.1 percent year-on-year during the month.

The next REC trading sessions on the Exchange are scheduled for February 11 and February 25, 2026.