Indian Energy Exchange Reports 30.4% Surge in February 2026 Volumes

On Thursday, shares of Indian Energy Exchange Ltd jumped 0.43 per cent to Rs 119.10 per share from its previous closing of Rs 118.59 per share. The stock’s 52-week high is Rs 215.40 per share and its 52-week low is Rs 117.84 per share. During the session, the stock surged 1.95 per cent to its Intraday high of Rs 120.95 from the previous close.

Indian Energy Exchange Ltd (IEX), India’s premier electricity exchange, reported a 30.4 per cent year-on-year rise in monthly electricity traded volume at 12,550 million units (MU) in February 2026. The growth significantly outpaced the 1.9 per cent increase in national energy consumption, which stood at 133 billion units (BUs) for the month.

Price Trends and Market Liquidity

Despite higher overall energy consumption, exchange prices declined sharply due to improved supply liquidity.

In the Day-Ahead Market (DAM), the average market clearing price fell 18.3 per cent year-on-year to Rs 3.58 per unit. Similarly, the Real-Time Market (RTM) average price declined 18.7 per cent year-on-year to Rs 3.59 per unit.

Lower prices enabled Distribution Companies (Discoms) and Commercial & Industrial (C&I) consumers to optimise procurement costs by replacing costlier power sources with exchange-traded electricity.

Market Segment Performance

The Day-Ahead Market recorded volumes of 6,588 MU in February 2026, compared to 5,369 MU in February 2025, reflecting a 22.7 per cent increase.

The Real-Time Market posted robust growth, with volumes rising 51.7 per cent year-on-year to 4,379 MU.

The Green Market, comprising Green Day-Ahead and Green Term-Ahead segments, achieved 808 MU, marking a 46.3 per cent increase. The weighted average price in the Green Day-Ahead Market declined 25.3 per cent year-on-year to Rs 3.43 per unit.

The Term-Ahead Market (TAM), which includes contingency and monthly contracts, recorded a volume of 775 MU, registering a marginal decline of 4.7 per cent year-on-year.

Renewable Energy Certificate Market

A total of 18.86 lakh Renewable Energy Certificates (RECs) were traded during February, up 15.2 per cent compared to the previous year. Trading sessions conducted on February 11 and February 25 witnessed clearing prices of Rs 333 and Rs 337 per REC, respectively. The next REC trading sessions are scheduled for March 11 and March 25, 2026.

Operational Milestones

During the month, the exchange achieved its highest-ever daily average electricity volume of 448 MU. As a publicly listed and regulated entity, IEX continues to operate a nationwide automated platform for physical delivery of electricity and renewable energy certificates, enhancing transparency and efficiency in India’s power market.

The company has a market capitalisation of Rs 10,000 crore. The stock has declined 17.90 per cent over the last three years.

Disclaimer: The article is for informational purposes only and not investment advice.