The Indian Energy Exchange (IEX), recognised as the leading electricity exchange in India, achieved a remarkable monthly traded electricity volume of 13,092 MUs in October 2026, reflecting a significant year-on-year growth of 16.5%.

Government statistics reveal that India’s energy consumption reached 159.8 BUs in October 2026, marking an impressive year-on-year increase of 21.9%. This surge in power demand propelled buy bids in the day-ahead market to soar by 265% compared to the previous year, leading to a rise in prices. The average market clearing price in the day-ahead market experienced a staggering 149% year-on-year increase, climbing from Rs 2.67/unit in October 2025 to Rs 6.66/unit in October 2026. This sharp rise can also be attributed to the low demand levels from the same month last year. In addition, the average market clearing price in the Real-Time Market reached Rs 5.78/unit in October 2026, reflecting a year-on-year increase of 112%.

Nevertheless, the interplay between demand and supply exhibited considerable fluctuations throughout October. The influence of warmer temperatures linked to El Niño, coupled with insufficient monsoon rainfall, spurred a robust demand for power in the initial weeks. Conversely, the latter part of the month saw a decline in demand due to cooler conditions, rainfall, and the repercussions of Cyclone Arnab. During times of diminished demand, an increase in supply liquidity led to nearly negligible prices in the Real-Time Market (RTM) across various time intervals. 

ELECTRICITY MARKET: DAY-AHEAD, REAL-TIME & TERM-AHEAD MARKET

In October 2026, the Day-Ahead Market (DAM), which includes HP-DAM, recorded a trading volume of 4,508 MU, down from 4,684 MU in October 2025, reflecting a year-on-year decrease of 3.8%.

Conversely, the Real-Time Electricity Market (RTM) saw a significant uptick, with volumes rising to 5,670 MU on October 26, compared to 4,583 MU in October 2025, marking a robust year-on-year growth of 23.7%.

The Day Ahead Contingency and Term-Ahead Market (TAM), which encompasses HPTAM, intraday, contingency, daily, weekly, and monthly contracts up to three months, experienced a remarkable surge, trading 2,175 MU in October 2026, a substantial increase from 911 MU in October 2025, representing an impressive year-on-year growth of 138.8%.

SUSTAINABLE MARKET: DAY-AHEAD & TERM-AHEAD GREEN TRADING PLATFORM

The IEX Green Market, which includes the Green Day-Ahead and Green Term-Ahead Market segments, recorded a volume of 738 MU in October ’26, down from 1,055 MU in October ’25, marking a 30% year-on-year decrease. However, the weighted average price in the Green Day-Ahead Market (G-DAM) for October ’26 rose to Rs 4.13/unit, reflecting a significant 67% increase compared to the previous year.

SUSTAINABLE ENERGY CERTIFICATE TRADING PLATFORM (SEC TRADING PLATFORM)

In October ’26, a total of 12.22 lakh RECs were traded, showcasing a remarkable 97.5% increase year-on-year. Trading sessions took place on 14th and 28th October ’26, with clearing prices of Rs 338/REC and Rs 330/REC, respectively.

Upcoming REC trading sessions at the Exchange are set for 11th November ’26 and 25th November ’26.

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