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⚡ IEX Power Market Update – October 2025: Electricity Trade Surges 16.5% YoY, Prices Drop Over 30%
New Delhi, November 4, 2025 – The Indian Energy Exchange (IEX), India’s premier electricity trading platform, reported a robust performance in October 2025 with total electricity traded (excluding TRAS) reaching 11,233 million units (MU) — a 16.5% year-on-year increase. This growth came alongside a notable decline in average market prices, helping both distribution companies and industrial consumers lower procurement costs.
🔹 Key Highlights – October 2025
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Total electricity traded: 11,233 MU (+16.5% YoY)
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Real-Time Market (RTM): 4,583 MU (+46.8% YoY)
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Day-Ahead Market (DAM): 4,684 MU (+6.7% YoY)
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Average DAM price: ₹2.67/unit (▼32% YoY)
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Average RTM price: ₹2.73/unit (▼27.8% YoY)
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Renewable Energy Certificates (REC): 6.19 lakh traded (+39.4% YoY)
🌞 Market Overview
As per government data, India’s total energy consumption in October 2025 stood at 132 billion units (BUs) — 6% lower year-on-year. The decline was primarily due to higher availability of hydro, wind, and solar energy, leading to abundant supply liquidity.
This improved supply scenario resulted in lower clearing prices in both the Day-Ahead and Real-Time markets, making it easier for Discoms and C&I consumers to replace costlier power with exchange-based purchases.
⚙️ Segment-Wise Performance
🔸 Day-Ahead Market (DAM)
The Day-Ahead Market, including HPDAM, recorded 4,684 MU traded — a 6.7% YoY increase.
This segment represented 38.7% of total market volume with an average clearing price of ₹2.67 per unit, down 32% from the same month last year.
🔸 Real-Time Market (RTM)
The Real-Time Market saw strong participation, with volumes jumping 46.8% YoY to 4,583 MU, contributing 37.8% of total traded power.
Prices in RTM averaged ₹2.73/unit, showing a 27.8% decline, helping buyers manage peak-hour requirements efficiently.
🔸 Term-Ahead Market (TAM)
The Term-Ahead Market, comprising contracts from a day to three months, traded 911 MU, marking a 27.7% YoY decline. This dip reflects lower hedging requirements amid cheaper short-term prices.
🌿 Green Market Growth
The Green Market, which includes Green Day-Ahead Market (G-DAM) and Green Term-Ahead Market (G-TAM), achieved a volume of 1,055 MU, up 21% YoY.
The weighted average price in the G-DAM stood at ₹2.47/unit, highlighting growing demand for renewable power at competitive rates.
♻️ Renewable Energy Certificate (REC) Market
A total of 6.19 lakh Renewable Energy Certificates were traded in October 2025 across two sessions (8th & 29th October) at a clearing price of ₹370 per REC.
This marked a 39.4% YoY rise, driven by increased compliance buying from obligated entities.
The next REC trading sessions are scheduled for 12th November and 26th November 2025.
🏢 About IEX
The Indian Energy Exchange (IEX) is India’s leading energy trading platform facilitating nationwide, automated trading of electricity, renewable energy, and energy certificates.
Listed on NSE and BSE, and regulated by CERC, IEX supports transparent price discovery, efficient trade execution, and market liquidity.
For more details, visit www.iexindia.com.
💡 Summary
October 2025 was a strong month for IEX, characterized by:
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Healthy volume growth,
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Significant drop in power prices, and
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Rising participation in green and certificate markets.
This performance reinforces IEX’s position as a key enabler of India’s transition toward competitive and sustainable electricity markets.
📘 Disclosure
This blog is a summary and interpretation of the official Indian Energy Exchange (IEX) Media Release dated November 4, 2025, titled “IEX Power Market Update – October 2025.”
All statistics and financial data are sourced directly from IEX’s official communication to stock exchanges (BSE and NSE).
This content is for information and educational purposes only and does not constitute financial advice or investment recommendations. Readers should verify figures with the company’s official filings before making any investment decisions.
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