The Indian Energy Exchange (IEX) traded 12,983 million units (MU) of electricity in May 2026, an 18.6% year-over-year (YoY) increase.

According to government data, India’s energy consumption reached 164.98 billion units (BU) in May 2026, up 11.5% YoY. Peak power demand touched an all-time high of 270.82 GW during the month.

Higher power demand led to an increase in electricity market prices. The market-clearing price in the Day-Ahead Market (DAM) rose 18.3% YoY to ₹4.88 (~$0.051)/kWh. The market-clearing price in the Real-Time Market (RTM) stood at ₹4.16 (~$0.044)/kWh, up 21.2% YoY.

In the DAM, buy bids rose 77% YoY, while sell bids increased 30%.

A total of 610,000 renewable energy certificates (REC) were traded in sessions held on May 13 and 29 at a clearing price of ₹400 (~$4.20)/REC. REC traded volume declined 65% YoY. IEX said REC sell bids declined 85.3% YoY, leading to higher clearing prices in May 2026.

The next REC trading sessions at the Exchange are scheduled on June 10 and 24.

Green Market

IEX Green Market, comprising the green day-ahead and green term-ahead market segments, achieved 1,034 MU volume, compared to 915 MU in May 2025, an increase of 13% YoY.

The weighted average price in the green day-ahead market (G-DAM) for May 2026 was ₹3.60 (~$0.038)/kWh, remaining largely flat YoY.

Electricity Market

The DAM, including the High Price Day-Ahead Market, achieved 4,417 MU in May 2026, up from 3,535 MU, an increase of 24.9% from the same period last year.

The RTM volume rose 15.9% YoY to 5,529 MU from 4,770 MU.

Day-ahead contingency and term-ahead market (TAM), comprising high price TAM, contingency, daily and weekly, and monthly contracts up to three months, traded 2,004 MU in May 2026, up 16.1 YoY from 1,726 MU.

IEX reported a monthly electricity traded volume of 12,341 MU in April 2026, increasing 16.6% YoY.