India’s energy consumption reached 154 BUs during the month, up 4% YoY, as highly dynamic weather conditions—from unseasonal rainfall to peak summer heat—pushed electricity demand to an all-time high of 256 GW, as per IEX.
IEX said that in the Day-Ahead Market (DAM), strong demand drove buy bids up 31% YoY, while sell bids rose 35% YoY.
The average market clearing price stood at ₹ 5.26 per unit, a 1% increase YoY. However, unseasonal rainfall in early April moderated demand, keeping DAM prices below ₹3.5 per unit on several days, allowing DISCOMs and C&I consumers to procure power at competitive rates.
The Real-Time Market (RTM) reflected a similar trend, with prices touching near-zero levels across multiple time blocks due to surplus renewable energy during solar hours. The average RTM clearing price stood at ₹4.82 per unit, up 5.4% YoY. RTM also recorded its highest-ever single-day trade of 250 MUs on April 30.
Segment-wise, DAM volumes, including HP-DAM, rose 8.7% YoY to 4,624 MU. RTM volumes increased 30.2% YoY to 5,069 MU. The Day Ahead Contingency and Term-Ahead Market (TAM), including HPTAM, traded 1,807 MU, up 9.1% YoY.
In the green segment, the IEX Green Market recorded 841 MU in April 2026, a 7.5% YoY increase. The weighted average price in the Green Day-Ahead Market stood at ₹3.79 per unit, down 6.9% YoY.
Meanwhile, the Renewable Energy Certificate (REC) market saw 1.18 lakh certificates traded during the month, a sharp 59.4% decline YoY.
IEX said that trading sessions held on April 8 and April 29 cleared at ₹339/REC and ₹ 370/REC, respectively. Sell bids dropped nearly 87% YoY, while buy bids rose 42% YoY, pushing up clearing prices.
The next REC trading sessions are scheduled for May 13 and May 27, 2026.
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Shares of Indian Energy Exchange Ltd closed at ₹127.69 on the NSE on May 5, up ₹0.72 or 0.57% for the day, reflecting modest gains in line with the broader market trend.
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