IEX Hits Record Power Trade in July as Real-Time Market Surges – EQ
In Short : The Indian Energy Exchange (IEX) achieved a record 12,664 million units (MU) of power traded in July 2025, marking a 25.5% year-on-year growth. Real-Time Market volumes surged 53% to 5,109 MU, while Day-Ahead Market rose 9%. Increased supply led to lower prices, with DAM averaging ₹4.18/unit and RTM ₹3.83/unit, reflecting robust market liquidity.
In Detail : The Indian Energy Exchange (IEX) witnessed its highest-ever monthly electricity trade in July 2025, recording a total volume of 12,664 million units (MU). This marks a significant 25.5% increase compared to the same month last year, indicating rising participation and demand in India’s power trading ecosystem.
A major contributor to this record was the Real-Time Market (RTM), which saw volumes rise sharply by 53% year-on-year. RTM volumes stood at 5,109 MU, reflecting the growing preference for real-time electricity procurement to meet last-minute demand fluctuations by distribution utilities and other consumers.
The Day-Ahead Market (DAM) also performed robustly, clocking in 5,510 MU during the month—a 9% increase from July 2024. This shows that buyers are still relying significantly on next-day trading, even as real-time trading gains more traction.
Interestingly, the surge in volumes came alongside a decline in average market clearing prices. In the Day-Ahead Market, the price settled at ₹4.18 per unit, representing a 16% drop year-on-year. The Real-Time Market saw a sharper fall, with the average price at ₹3.83 per unit—down by 23%.
The price drop can largely be attributed to improved liquidity on the supply side. Increased availability of electricity, supported by higher generation from both conventional and renewable sources, helped balance the demand while keeping prices under control.
In addition to spot markets, IEX’s Green Market segments also showed steady momentum. The Green Day-Ahead and Green Term-Ahead markets are gradually becoming mainstream as more states look to fulfill their Renewable Purchase Obligations through market-based mechanisms.
Market analysts view the July numbers as a strong signal of deepening power market maturity in India. The increased adoption of RTM and diversified trading patterns reflect greater flexibility and efficiency among participants.
IEX has been continuously expanding its market offerings to cater to evolving sector needs. Enhanced digital platforms, improved forecasting tools, and policy support have also played key roles in enabling higher participation across markets.
As power demand continues to rise in tandem with economic growth and electrification efforts, IEX’s performance in July sets the tone for an increasingly dynamic and responsive energy market in India.
