Indian Energy Exchange (IEX) November Volumes Surge 17.7%! See the Massive Growth Driving India's Power Market!

IEX Reports Strong November Trading Performance

Indian Energy Exchange Ltd (IEX) has announced its operational performance for November 2025, showcasing a robust increase in electricity traded volumes. The total volume, excluding tertiary reserve ancillary services (TRAS), rose by an impressive 17.7% compared to the same period last year, reaching 11,409 Million Units (MU).

Market Segment Breakdown

The exchange's performance was driven by strong activity across several key market segments.

• Day-Ahead Market: This segment recorded volumes of 5,668 MU, a modest increase of 0.3% year-on-year from 5,651 MU in November 2024.
• Real-Time Market: Showed remarkable growth, with traded volumes jumping by 40.2% to 4,233 MU from 3,019 MU in the previous year.
• Term-Ahead Market: Including high-price term-ahead, contingency, daily, weekly, and monthly contracts (up to three months), this segment experienced explosive growth. Volumes surged by 243.1% to 693 MU compared to 202 MU a year earlier.

Green Market and RECs

The IEX green market, which comprises green day-ahead and green term-ahead segments, saw a slight dip of 0.3% year-on-year, trading 815 MU in November 2025 compared to 818 MU in November 2024. The weighted average price in the green day-ahead market was ₹3.29 per unit.

Additionally, the exchange traded 4.74 lakh Renewable Energy Certificates (RECs) during November 2025. These were traded in sessions on November 12 and November 26 at clearing prices of ₹370 per REC and ₹364 per REC, respectively. However, REC volumes for November 2025 declined by 13.1% year-on-year.

Stock Price Movement

Shares of Indian Energy Exchange Ltd closed at ₹149 on December 3, marking a slight increase of ₹0.55, or 0.37%, on the BSE.

Impact

This news is likely to have a positive impact on Indian Energy Exchange Ltd's stock, reflecting increased trading activity and demand in the power market. It signals operational efficiency and growing participation in various segments, particularly real-time and term-ahead markets. The overall growth in electricity volumes suggests a healthy energy sector. However, the decline in REC volumes might warrant further analysis.

• Impact Rating: 7/10

Difficult Terms Explained

• MU (Million Units): A standard unit for measuring electrical energy, equivalent to one million kilowatt-hours.
• YoY (Year-on-Year): A comparison of performance metrics between the current period and the same period in the previous year.
• RECs (Renewable Energy Certificates): Tradable certificates that represent proof of renewable energy generation. They help meet renewable purchase obligations.
• Clearing Price: The price at which a transaction is settled in a market or exchange.