CERC Approves Key Deviations in 500 MW Pumped Storage Tender

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Haryana Hikes Additional Surcharge for Open Access Consumers for 2H FY 2026


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					</table><p>The Indian Energy Exchange (<a href="https://www.iexindia.com/" target="_blank" rel="noopener">IEX</a>) reported a monthly electricity traded volume of 12,341 million units (MU) in April 2026, increasing 16.6% year-over-year (YoY).</p>
<p>India’s electricity consumption reached 154 billion units (BUs), up 4% YoY. April witnessed dynamic weather conditions. The weather ranged from unseasonal rainfall to peak summer heat. This <a href="https://www.mercomindia.com/solar-complements-thermal-in-meeting-indias-peak-power-demand" target="_blank" rel="noopener">drove</a> electricity demand to an all-time high of 256 GW.</p>
<p><strong>Electricity Market</strong></p>
<p>Strong demand drove buy bids up 31% YoY in the Day-Ahead Market (DAM). Meanwhile, sell bids rose 35% YoY. The average market-clearing price stood at ₹5.26 (~$0.055)/kWh, a 1% rise over last year.</p>
<p>However, unseasonal rainfall at the beginning of April moderated demand, keeping DAM prices below ₹3.5 (~$0.037)/kWh on multiple days.</p>
<p>IEX said the Real-Time Market (RTM) evolved similarly, with prices touching near-zero levels across multiple time blocks, supported by surplus renewable energy during solar hours. The average RTM market-clearing price was ₹4.82 (~$0.051)/kWh, growing 5.4% YoY.</p>
<p>The RTM recorded its highest-ever single-day trade of 250 MU.</p>
<p>Traded volumes in DAM, including High Price (HP)-DAM, reached 4,624 MU, rising 8.7% YoY from 4,254 MU. RTM traded volume grew to 5,069 MU, increasing 30.2% from 3,893 MU from the same period last year.</p>
<p>The Day Ahead Contingency and Term-Ahead Market (TAM), including HPTAM, comprising contingency, daily, weekly, and monthly contracts up to three months, traded 1,807 MU, rising 9.1% YoY from 1,656 MU.</p>
<p><strong>Green Market</strong></p>
<p>The green power market, comprising the Green Day-Ahead Market (G-DAM) and Green Term-Ahead Market, reached 841 MU in April 2026, up 7.5% from 782 MU in April 2025. The weighted average price in G-DAM stood at ₹3.79 (~$0.04)/kWh, reducing 6.9% YoY.</p>
<p><strong>Renewable Energy Certificate Market</strong></p>
<p>A total of 118,000 renewable energy certificates (RECs) were traded during the month. However, REC volumes reduced 59.4% YoY.  The RECs were traded on April 8 and 29, 2026, with ₹339 (~$3.56)/REC and ₹370 (~$3.89)/REC, respectively.</p>
<p>Sell bids decreased by approximately 87% YoY, while buy bids increased by 42% YoY, resulting in higher clearing prices.</p>
<p>The next REC trading sessions are scheduled for May 13 and May 27, 2026.</p>
<p>The IEX <a href="https://www.mercomindia.com/iex-trades-record-electricity-of-141-bu-in-fy-2026-breaks-last-years-record" target="_blank" rel="noopener">reported</a> the highest-ever electricity trading volume of 141 BU in FY 2026, up 17% YoY.</p>



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					</table><p>Indian Energy Exchange (<a href="https://www.iexindia.com/" target="_blank" rel="noopener">IEX</a>) recorded its highest-ever monthly electricity traded volume of 13,050 MU in January 2026, registering a 19.6% year-over-year (YoY) growth.</p>
<p>This performance was supported by robust participation across market segments and improved supply liquidity.</p>
<p>During the month, a total of 239,100 Renewable Energy Certificates (RECs) were traded on the exchange.</p>
<p>India’s power consumption stood at 142.74 billion units (BUs) in January 2026, reflecting a 3.8% increase YoY, according to government data.</p>
<p>Higher generation from hydro, wind, and solar sources, along with a sustained coal-based supply, improved market liquidity.</p>
<p>This resulted in a significant decline in electricity prices.</p>
<p><strong>Electricity Market</strong></p>
<p>The Day-Ahead Market (DAM) clearing price averaged ₹3.86 (~$0.043)/kWh, down 12.9% YoY, and the Real-Time Market (RTM) price averaged ₹3.72 (~$0.041)/kWh, down 15.9% YoY.</p>
<p>The lower prices enabled distribution companies and commercial and industrial consumers to replace costlier power with competitively priced exchange-based procurement.</p>
<p>In the Day-Ahead Market (DAM), traded volumes reached 6,182 MU, up 2.8% YoY compared to 6,015 MU in January 2025.</p>
<p>The Real-Time Market (RTM) delivered the strongest growth, with volumes surging to 4,638 MU, marking a substantial 52.8% YoY increase from 3,036 MU last year.</p>
<p>Meanwhile, the Term-Ahead Market (TAM), including contingency, daily, weekly, and monthly contracts up to three months, recorded 1,397 MU, up 26.2% YoY from 1,107 MU.</p>
<p><strong>Green Market</strong></p>
<p>The IEX Green Market, which includes the Green Day-Ahead Market (G-DAM) and Green Term-Ahead Market, achieved 832 MU in January 2026, growing 10.7% YoY from 752 MU.</p>
<p>The weighted average G-DAM price stood at ₹4.06 (~$0.045)/kWh, representing a 12.5% YoY decline, reflecting improved renewable supply availability.</p>
<p><strong>Renewable Energy Certificate Market</strong></p>
<p>In the REC Market, trading sessions held on January 14 and January 28, 2026, saw 239,100 RECs being traded at clearing prices of ₹339 (~$3.75)/REC and ₹333 (~$3.68)/REC, respectively. Despite active trading, REC volumes declined 37.1% YoY during the month.</p>
<p>The next REC trading sessions are scheduled for February 11 and 25, 2026.</p>
<p>IEX <a href="https://www.mercomindia.com/high-electricity-trading-volumes-increase-iexs-revenue-by-14-in-q3-fy-2026" target="_blank" rel="noopener">recorded</a> a consolidated revenue of ₹1.83 billion (~$19.97 million), a 14% YoY increase from ₹1.61 billion (~$17.50 million), in the third quarter of the financial year (FY) 2026.</p>


IEX Electricity Volumes Rise 19.6% YoY to Record 13,050 MU in January


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					</table><p>The Indian Energy Exchange (<a href="https://www.iexindia.com/" target="_blank" rel="noopener">IEX</a>) traded 552 million units (MU) of green energy in February 2025, an 85% year-over-year (YoY) increase from 298 MU.</p>
<p>The Green Day-Ahead Market (G-DAM) traded 519 MU during February with a weighted average price of ₹4.59 (~$0.052)/kWh, an increase of 95% YoY from 266 MU.</p>
<p>The Green Term-Ahead Market (G-TAM) traded 33 MU, with an average monthly price of non-solar at ₹3.88 (~$0.044)/kWh, compared to 32 MU in February 2024, an increase of 3% YoY.</p>
<p>The IEX achieved a monthly electricity traded volume of 9,622 MU in February 2025, a 9% YoY increase.</p>
<p>According to government data, India’s energy consumption reached 131.5 billion units in February, with the average daily energy consumption increasing 7% YoY.</p>
<p>There was a steady rise in power demand across most regions due to milder winters and an unusually warm February.  Power demand peaked on February 7 to 238 GW, compared to the maximum peak power demand of 222 GW on February 23, 2024.</p>
<p>Despite a rise in demand, power exchange prices were lower than the previous year due to higher supply side liquidity in the Day-Ahead Market (DAM) segment.</p>
<p>The Market Clearing Price in the DAM dropped by 11% to ₹4.38(~$0.05)/kWh during the month.</p>
<p><strong>Electricity Market: Day-Ahead, Term-Ahead and Real-Time Market</strong></p>
<p>The DAM volume increased by 14% YoY to 5,369 MU in February 2025 from 4,722 MU.</p>
<p>The Real-Time Electricity Market increased by 23% YoY to 2,887 MU from 2,340 MU in February 2024.</p>
<p>Day Ahead Contingency and Term-Ahead Market, which comprises contingency, daily, weekly, and monthly contracts for up to three months, dropped 45% YoY to 814 MU.</p>
<p><strong>REC Market</strong></p>
<p>Renewable Energy Certificates (REC) traded in February 2025 increased by 167% YoY.</p>
<p>A total of 1.63 million RECs were traded on February 12 and 27, 2025, at a clearing price of ₹350 (~$4.007)/REC and ₹349(~$3.99)/REC respectively.</p>
<p>The next REC trading sessions at IEX are scheduled for March 12 and 26.</p>
<p>In January, IEX <a href="https://mercomindia.com/iex-sees-218-yoy-growth-in-green-energy-trade-in-january-2025#:~:text=The%20Indian%20Energy%20Exchange%20(IEX,increase%20from%20the%20previous%20year." target="_blank" rel="noopener">traded</a> 10,910 million units of electricity, representing a 16% YoY growth.</p>
<p>The IEX <a href="https://www.mercomindia.com/iex-electricity-trade-december" target="_blank" rel="noopener">recorded</a> its highest-ever monthly electricity trading volume of 11,132 MU in December 2024, marking a 29% YoY increase.</p>


Green Energy Trade on IEX Up 85% YoY in February 2025

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