IEX Reports Q1 FY'27 and June '26 Market Update; Electricity Traded Volume Rises Amid Price Surge
Indian Energy Exchange Limited has reported its power market update for the first quarter of fiscal year 2027 (Q1 FY'27) and for June 2026, detailing strong increases in electricity traded volume across various markets despite sharp declines in renewable energy certificate trades.For Q1 FY'27, IEX achieved a total electricity traded volume of 37,534 MU, marking a 15.9% year-on-year growth. The Market Clearing Price (MCP) in the Day-Ahead Market (DAM) was Rs 5.1/unit during Q1 FY'27, an increase of 15.7% compared to Q1 FY'26. Similarly, the MCP in the Real-Time Market (RTM) stood at Rs 4.5/unit, up 13.8% from Q1 FY'26.
The company noted that while a total of 9.77 lakh Renewable Energy Certificates (RECs) were traded during the quarter, REC volumes declined by 81.4% year-on-year.
In June 2026, IEX recorded a monthly electricity traded volume of 12,210 MU, showing a 12.5% increase compared to the previous year. The MCP in the DAM for June 2026 reached Rs 5.2/unit, representing a 32.4% jump year-on-year. The RTM MCP rose by 17% year-on-year, reaching Rs 4.4/unit during the month.
Market Conditions and Consumption Trends
The first quarter of FY'27 coincided with a hot summer period in India characterized by persistent heatwaves and above-normal temperatures. Peak power demand across the country surged to an all-time high of 270.8 GW in May 2026. Total energy consumption for Q1 FY'27 stood at 485.4 BUs, reflecting an 8.8% growth year-on-year.
For June '26, national energy consumption reached 166.5 BUs, which indicated an 11.6% year-on-year increase attributed to heat waves and the late onset of monsoon. India recorded its driest June in over a decade, with Southwest monsoon rainfall ending the month nearly 40% below the long-period average. This surge in power demand contributed to rising prices in the DAM and RTM segments.
Segment Performance Analysis
IEX market performance across different segments included:
| Market Segment | Q1 FY'27 Volume (MU) | % YoY Change | June 2026 Volume (MU) | % YoY Change |
|---|---|---|---|---|
| Real-Time Market (RTM) | 16,019 | 23.5% Increase | 5,420 | 25.7% Increase |
| Day Ahead Contingency and Term-Ahead Market (TAM) | 5,344 | 22.9% Increase | 1,533 | 58.7% Increase |
| Green Day-Ahead & Term-Ahead Market | 2,827 | 6.3% Increase | 953 | 1.2% Decline |
Renewable Energy Certificate (REC) Market
In the REC market, a total of 2.49 lakh RECs were traded during specific sessions held on June 10 and June 24, with clearing prices recorded at Rs 400/REC and Rs 395/REC respectively. Overall REC volumes in June '26 saw a 92.3% decrease year-on-year. The overall sell bids for RECs declined by 85.9% YoY during June 2026, leading to higher clearing prices.
The next REC trading sessions are scheduled by the Exchange for July 8 and July 29.
IEX Stock Price Movement
Indian Energy Exchange Limited shares slipped on Thursday, settling at ₹123.50 after the equity shed 0.34% of its value. The stock traded with a volume of 2.76 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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