IEX - Power Market Update for April 2026

Indian Energy Exchange (IEX), India's premier electricity exchange, recorded a monthly electricity traded volume of 12,341 MUs in April 2026, a robust 16.6% increase year-on-year. A total of 1.18 lakh Renewable Energy Certificates were traded during the month, though REC volumes declined 59.4% year-on-year.

India's energy consumption touched 154 BUs in April 2026, up 4% year-on-year. The month witnessed highly dynamic weather conditions, ranging from unseasonal rainfall to peak summer heat, which drove electricity demand to an all-time high of 256 GW.

In the Day-Ahead Market, strong demand drove buy bids up 31% year-on-year, while sell bids rose sharply by 35% YoY. Due to an increase in power demand, the average market clearing price stood at Rs. 5.26/unit, a 1% increase year-on-year. However, unseasonal rainfall during the initial days of April moderated demand and kept DAM prices below Rs. 3.5/unit on several days, presenting DISCOMs and C&I consumers with an opportunity to procure power at highly competitive rates and optimise their procurement costs.

The Real-Time Market mirrored this trend, with prices touching near-zero levels across multiple time blocks during the month, driven by surplus renewable energy during solar hours. The average RTM market clearing price stood at Rs. 4.82/unit, up 5.4% year-on-year. Notably, RTM recorded its highest-ever single-day trade of 250 MUs on April 30, underscoring its growing role in enabling DISCOMs and C&I consumers to manage procurement flexibly and cost-effectively in real time.

The Day-Ahead Market (DAM) including HP-DAM, achieved 4,624 MU volume in April'26 as compared to 4,254 MU volume in April'25, increase of 8.7% YoY.

The Real-Time Electricity Market (RTM) volume increased to 5,069 MU in April'26, from 3,893 MU in April'25, registering an increase of 30.2% YoY.

Day Ahead Contingency and Term-Ahead Market (TAM) including HPTAM, comprising contingency, daily & weekly and monthly contracts up to 3 months, traded 1,807 MU in April '26 as compared to 1,656 MU volume in April'25, increase of 9.1% YoY.

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 841 MU volume during April'26 as compared to 782 MU in April'25, increase of 7.5% YoY. The weighted average price in Green Day-Ahead Market (G-DAM) for April'26 at Rs 3.79/ unit, decreased 6.9% YoY.

RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET)

A total of 1.18 lakh RECs were traded in April '26, down 59.4% YoY. Trading sessions were held on 8th April '26 and 29th April '26, with clearing prices of Rs 339/REC and Rs 370/REC, respectively. Sell bids declined by nearly 87% YoY, while buy bids increased by 42% YoY, leading to a rise in clearing prices during April,2026.

The next REC trading sessions at the Exchange are scheduled on 13th May'26 and 27th May'26.

Shares of Indian Energy Exchange Limited was last trading in BSE at Rs. 127.60 as compared to the previous close of Rs. 126.95. The total number of shares traded during the day was 166525 in over 2249 trades.

The stock hit an intraday high of Rs. 128.75 and intraday low of 125.75. The net turnover during the day was Rs. 21202630.00.

Source : Equity Bulls

Keywords

IndianEnergyExchange INE022Q01020 IEX PowerMarketUpdate April2026