IEX April Update-Summer Onset Sees Traded Prices Inch Up

Indian Energy Exchange has released its April update. The exchange achieved monthly electricity traded volume of 10,584 MU in April ’25, marking a 26% increase on year-on-year basis. A total of 2.90 lakh Renewable Energy Certificates were traded during the month.

According to government data published in April ’25, the country’s energy consumption reached 147.5 BUs, increase of 2.2% compared to the previous year. On 25^th April 2025, peak demand reached 235 GW, surpassing the maximum peak demand of 224 GW recorded in April 2024. Despite the increase in power demand, the average market clearing price in the Day Ahead Market during April’25 remained competitive at Rs. 5.20/unit, similar to last year, due to increased supply. However, this is a significant 16% jump over March 2025 figures, when the price was Rs 4.47/unit.

 

ELECTRICITY MARKET: DAY- AHEAD, TERM- AHEAD & REAL-TIME MARKET

The Day-Ahead Market (DAM) achieved 4,231 MU volume in April’25 as compared to 4,116 MU volume in April’24, an increase of 3% YoY. In March, the corresponding figures was 5547 MU.

The Real-Time Electricity Market (RTM) volume increased to 3,893MU in April ‘25, from 2,629 MU in April’24, registering an increase of 48% YoY. The March numbers were at 3727 MU

Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 1,639 MU in April’25 as compared to 1,276 MU volume in April’24, an increase of 28% YoY and 24% over 1320 MU in March this year.

GREEN MARKET: GREEN DAY-AHEAD & GREEN TERM-AHEAD MARKET

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 782 MU volume during April’25 as compared to 402 MU in April’24, registering an increase of 95 % YoY. The weighted average price in Green Day-Ahead Market (G-DAM) for April’25 was Rs 4.07/unit. The March numbers were 621 MU and Rs 4.01 respectively.

RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET)

A total of 2.90 lakh RECs were traded in the trading sessions held on 09^th April’25 and 30^th April’25, at a clearing price of Rs.300/REC and Rs. 350/REC respectively. Prices inched up over the Rs 348 and Rs 347 levels seen in the previous month, when over 13 lakh RECs were traded.

The next REC trading sessions at the Exchange are scheduled on 14^th May’25 and 28^th May’25.