The Indian Energy Exchange (IEX) traded 13,527 million units (MU) of electricity in July 2026, a 7.7% year-over-year (YoY) increase.

According to government data, India’s energy consumption reached 170.70 billion units (BU) in July 2026, up 10.9% YoY. Higher power demand led to a 42.5% YoY increase in buy bids in the Day-Ahead Market (DAM), resulting in higher electricity prices.

The average market-clearing price in the DAM rose 19.3% YoY to ₹4.99 (~$0.052)/kWh. The average market-clearing price in the Real-Time Market (RTM) stood at ₹4.41 (~$0.046)/kWh, up 15.1% YoY.

Green Market

IEX Green Market, comprising the green day-ahead and green term-ahead market segments, achieved 1,035 MU volume in July 2026, compared to 1,025 MU in July 2025, an increase of 1% YoY.

The weighted average price in the green day-ahead market (G-DAM) for July 2026 was ₹3.75 (~$0.039)/kWh, down 4.2% YoY.

Electricity Market

The DAM, including the High Price Day-Ahead Market, achieved 5,087 MU in July 2026, down from 5,510 MU in July 2025, a 7.7% YoY decline.

The RTM volume rose 10.2% YoY to 5,631 MU from 5,109 MU.

Day-ahead contingency and term-ahead market (TAM), comprising high price TAM, contingency, daily and weekly, and monthly contracts of up to three months, traded 1,774 MU in July 2026, up 93.4% YoY from 917 MU.

RECs

A total of 711,000 Renewable Energy Certificates (RECs) were traded in sessions held on July 8 and 29 at clearing prices of ₹380 (~$3.98)/REC and ₹376 (~$3.94)/REC, respectively. REC traded volume declined 56.3% YoY. IEX said REC sell bids declined 77.8% YoY, leading to higher clearing prices in July 2026.

The next REC trading sessions at the Exchange are scheduled on August 12 and 26.

IEX reported revenue from operations of ₹1.58 billion (~$16.33 million) in the first quarter of the financial year 2027, an 11.4% year-over-year increase from ₹1.42 billion (~$14.66 million).

IEX recently received the Central Electricity Regulatory Commission’s (CERC) approval to restructure its green contracts in line with the Ministry of Power’s revised renewable consumption obligation framework. The exchange can replace the earlier solar, non-solar, and hydropower classifications with wind, hydroelectricity, distributed renewable energy, and other renewable energy categories.

CERC also directed IEX to revise seller eligibility, fungibility provisions, trade certificates, software, and business rules, while asking NLDC to update the NOAR portal and related procedures. The Commission also reduced the minimum quotation volume for green intra-day and day-ahead contingency contracts to 0.1 MW.