The Indian Energy Exchange (IEX) traded 37,534 million units (MU) of electricity in the first quarter (Q1) of the financial year (FY) 2027, a 15.9% year-over-year (YoY) increase.

During the quarter, India’s energy consumption reached 485.4 billion units (BUs), growing 8.8% YoY. Peak power demand touched an all-time high of 270.8 GW in May 2026 due to hotter than usual summer.

The market-clearing price in the day-ahead market (DAM) grew 15.7% YoY to ₹5.1 (~$0.054)/kWh. The market-clearing price in the real-time market (RTM) stood at ₹4.5 (~$0.047)/kWh, up 13.8% YoY.

A total of 977,000 renewable energy certificates (RECs) were traded during Q1 FY 2027, declining 81.4% YoY.

On sessions held on June 10 and 24, a total of 249,000 RECs were traded at clearing prices of ₹400 (~$4.2)/REC and ₹395 (~$4.14), respectively. REC traded volume in June 2026 reduced 92.3% YoY, with sell bids declining 85.9% YoY, leading to a rise in clearing prices during the month.

The next REC trading sessions at the Exchange are scheduled on July 8 and 29.

Green Market

IEX Green Market, comprising the green day-ahead and green term-ahead market segments, achieved 2,827 MU volume in Q1, increasing 6.3% YoY. The segment reached 953 MU in June 2026, down 1.2% YoY from 964 MU.

The weighted average price in the green day-ahead market (G-DAM) for June 2026 was ₹3.79 (~$0.04)/kWh.

Electricity Market

The DAM, including the high-price day-ahead market, recorded 13,344 MU in Q1 FY 2027, up 7.6% from 12,399 MU in the same quarter last year. The segment traded 4,304 MU, down 6.6% YoY from 4,610 MU.

The RTM traded 16,019 MU during the quarter, increasing 23.5% YoY. In June 2026, RTM volumes rose 25.7% YoY to 5,420 MU from 4,312 MU.

The day-ahead contingency and term-ahead market (TAM), including the high price TAM, traded 5,344 MU, up 22.9% YoY. The segment traded 1,533 MU, rising 58.7% from 966 MU in June 2025.

IEX traded 12,983 MU of electricity in May 2026, an 18.6% YoY increase.