IEX reports 16% YoY growth in Jan electricity trade, REC market hits record high – EQ
In Short : Indian Energy Exchange (IEX) reported a 16% year-on-year growth in electricity trade for January, reflecting increased demand for power. Additionally, the Renewable Energy Certificate (REC) market reached a record high, driven by rising compliance and sustainability commitments. The surge highlights growing reliance on energy trading platforms and the expanding role of renewables in India’s power sector.
In Detail : Indian Energy Exchange Ltd (IEX) reported a 16% year-on-year (YoY) increase in monthly electricity traded volume, reaching 10,910 million units (MU) in January 2025, supported by increased supply-side liquidity and robust demand.
The exchange also recorded its highest-ever monthly trade of Renewable Energy Certificates (RECs), with 38.03 lakh units traded—marking a 150% YoY growth.
Market performance
- Day-Ahead Market (DAM): Traded 6,015 MU, up 9% YoY from 5,540 MU in January 2024.
- Real-Time Market (RTM): Traded 3,036 MU, rising 28% YoY from 2,380 MU.
- Term-Ahead Market (TAM): Traded 1,107 MU, down 9% YoY.
- Green Market: The Green Day-Ahead Market (G-DAM) traded 702 MU, up 235% YoY, with an average price of ₹4.66/unit. The Green Term-Ahead Market (G-TAM) traded 50 MU, up 89% YoY, with a Non-Solar average price of ₹4.77/unit.
REC trading volume at record high
IEX also saw its highest-ever REC trading volume in January, with 38.03 lakh RECs exchanged across two trading sessions on Jan. 8 and Jan. 29 at clearing prices of ₹325 and ₹340 per REC, respectively. The next REC trading sessions are scheduled for Feb. 12 and Feb. 26.
Lower market prices benefit discoms
The Market Clearing Price in the Day-Ahead Market stood at ₹4.43 per unit, declining 24% YoY. The drop in prices offered cost-saving opportunities for Discoms and commercial & industrial consumers, enabling them to replace costlier power procurement with more competitive rates on the exchange.
IEX, India’s premier energy trading platform, facilitates electricity, renewable energy, and certificate trading. The exchange is listed on NSE and BSE and regulated by the Central Electricity Regulatory Commission.
The IEX stock ended 2.8% higher on the BSE on Tuesday at ₹174.50.
