Archive · 7 Oct 2026
IEX Trading Rises as September Power Prices More Than Double
The Indian Energy Exchange reported how much electricity was traded through its markets.
In the second quarter of FY27, trading reached 39,685 million units, 12.7% more than a year earlier.
September trading also grew, reaching 12.2 billion units.
At the same time, India used more electricity, and demand was especially strong.
This helped push September electricity prices to more than twice their levels a year earlier in two markets.
The Real-Time Market also had a record day, with 315 million units traded on September 26.
However, trading in green electricity and renewable energy certificates was lower than a year earlier.
IEX traded 39,685 MU in Q2 FY27, up 12.7% year on year; H1 volume reached 77.2 BU, up 14.2%.
September electricity trading rose 10.4% to 12.2 BU, while India’s consumption increased 11% to 162 BU and peak demand reached 269 GW.
September average prices climbed 105% to ₹7.3 per unit in the Day-Ahead Market and 108% to ₹6.9 in the Real-Time Market; DAM buy bids rose 281%.
September Real-Time Market volume increased 10.6% to 5,294 MU and set a single-day record of 315 MU on September 26; Day-Ahead Market volume was nearly flat at 4,251 MU.
Q2 Green Market volume fell 5.8% to 2,863 MU, while Renewable Energy Certificate trading fell 65.5% to 15.27 lakh.
- Who
- Indian Energy Exchange (IEX).
- What
- Reported higher Q2 and September electricity trading volumes, sharply higher September market prices, and declines in green-market and renewable certificate trading.
- When
- The figures were reported on October 6, 2026, and cover Q2 FY27, H1 FY27, and September 2026.
- Where
- India.
- Why
- IEX attributed the September price increases to strong power demand and a 281% year-on-year rise in Day-Ahead Market buy bids.
Growth and Price Increases
Declining Segments
Trading performance across markets
Growth and Price Increases
Overall Q2 trading rose 12.7%; September trading rose 10.4%, and Q2 Real-Time Market and term-ahead volumes increased.
Declining Segments
Q2 Green Market volume declined 5.8%, and Renewable Energy Certificate trading fell 65.5% year on year.
- Q2 FY27 total traded volume
- 39,685 MU, up 12.7% year on year
- H1 FY27 total traded volume
- 77.2 BU, up 14.2% year on year
- September traded volume
- 12.2 BU, up 10.4% year on year
- September DAM average price
- ₹7.3 per unit, up 105% year on year
- September RTM average price
- ₹6.9 per unit, up 108% year on year
- September power demand and consumption
- Peak demand reached 269 GW on September 10; consumption was 162 BU, up 11% year on year
- September RTM record
- 315 MU traded on September 26, 2026
- Q2 Green Market and REC trading
- Green Market: 2,863 MU, down 5.8%; RECs: 15.27 lakh, down 65.5% year on year
