IEX January 2026: Record 13,050 MU Electricity Traded, Up 20% YoY - DAM & RTM Prices Crash 13-16%

India's premier power exchange Indian Energy Exchange (IEX) achieved its highest-ever monthly electricity trading volume of 13,050 MU in January 2026, surging 19.6% year-on-year. The exchange also traded 23.91 lakh Renewable Energy Certificates (RECs) during the month.

Price Crash Amid Supply Surge

Abundant generation from hydro, wind, solar, and coal plants flooded the exchange with liquidity, driving down prices:

- DAM Price: ₹3.86/unit (-12.9% YoY)
- RTM Price: ₹3.72/unit (-15.9% YoY)

Lower prices enabled Discoms and C&I consumers to procure competitively priced power, replacing costlier sources.

Market-wise Performance

- Day-Ahead Market (DAM): 6,182 MU (+2.8% YoY)
- Real-Time Market (RTM): 4,638 MU (+52.8% YoY) - star performer
- Term-Ahead Market (TAM): 1,397 MU (+26.2% YoY)

- Green Market (G-DAM + G-TAM): 832 MU (+10.7% YoY)
- G-DAM Price: ₹4.06/unit (-12.5% YoY)

REC Market Update

23.91 lakh RECs traded in sessions on January 14 (₹339/REC) and January 28 (₹333/REC), down 37.1% YoY. Next sessions scheduled for February 11 & 25.

India's energy consumption reached 142.74 BU in January 2026 (+3.8% YoY), supported by strong generation across renewables and thermal sources.

IEX's record volumes reflect maturing power markets, increasing liquidity, and growing exchange adoption amid favorable price discovery.

Shares of Indian Energy Exchange Limited was last trading in BSE at Rs. 126.25 as compared to the previous close of Rs. 122.65. The total number of shares traded during the day was 550680 in over 6986 trades.

The stock hit an intraday high of Rs. 128.00 and intraday low of 124.10. The net turnover during the day was Rs. 69188226.00.

Source : Equity Bulls

Keywords

IndianEnergyExchange INE022Q01020 IEX January2026 Volume