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IEX Power Trade Soars 30% in Feb, Daily Volumes Hit Record 448 MU

The Indian Energy Exchange achieved a record daily average electricity trading volume of 448 million units in February 2026. Total monthly volume surged 30.4% year-on-year to 12,550 MU, driven by increased supply liquidity. This growth coincided with a significant drop in market clearing prices, falling roughly 18% in both the Day-Ahead and Real-Time Markets. The green energy segment also showed strong momentum with a 46.3% increase in traded volume.

Key Points: IEX Power Trade Volumes Surge 30%, Hit Record High

  • Record daily average volume of 448 MU
  • 30.4% YoY growth in monthly trade
  • Power prices fell ~18% in key markets
  • Green energy segment volume up 46.3%
2 min read

IEX power trade surges 30% (YoY) in Feb, daily volumes hit record 448 MU

Indian Energy Exchange daily power trade hits record 448 MU in Feb 2026, with a 30% YoY volume surge and falling electricity prices.

"These prices presented an opportunity for Discoms and Commercial & Industrial consumers to meet their demand at a competitive price - IEX"

New Delhi, March 5

The Indian Energy Exchange achieved its highest-ever daily average electricity volume of 448 MU in February 2026, contributing to a total monthly traded volume of 12,550 MU. According to the IEX Power Market Update for February '26, the monthly performance represents a 30.4 per cent increase on a year-on-year basis.

"According to government data published in February '26, the country's energy consumption reached 133 BUs, increase of 1.9% compared to the previous year," IEX said in a release.

Despite the growth in demand, increased supply liquidity on the exchange platform led to a reduction in power prices. IEX noted that the market clearing price in the Day-Ahead Market fell to Rs 3.58 per unit, marking an 18.3 per cent decline compared to the previous year. Similarly, the Real-Time Market price dropped 18.7 per cent to reach Rs 3.59 per unit.

"These prices presented an opportunity for Discoms and Commercial & Industrial consumers to meet their demand at a competitive price and to replace their costlier power by procuring through exchanges," IEX stated.

The Real-Time Electricity Market saw substantial growth among individual segments, with volumes rising 51.7 per cent to 4,379 MU. The Day-Ahead Market also posted gains, reaching 6,588 MU in February 2026 compared to 5,369 MU in the same month last year, an increase of 22.7 per cent.

Conversely, the Term-Ahead Market, which includes contingency and monthly contracts up to three months, recorded a 4.7 per cent decline, trading 775 MU.

Green energy markets showed robust momentum as the combined volume for Green Day-Ahead and Green Term-Ahead segments reached 808 MU, a 46.3 per cent YoY increase. The weighted average price in the Green Day-Ahead Market declined 25.3 per cent to Rs 3.43 per unit.

"A total of 18.86 lakh RECs were traded in the trading sessions held on 11th February'26 and 25th February'26 at a clearing price of Rs.333 /REC and Rs. 337/REC respectively. REC traded volume in February'26 increased by 15.2 % on YoY basis," IEX noted.

Following the February sessions, the next REC (Renewable Energy Certificates) trading dates are scheduled for March 11 and March 25, 2026.

- ANI

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Reader Comments

P
Priya S
The surge in green energy trading is the real highlight for me. A 46% increase! Shows a clear shift towards renewables. Hope this momentum continues and helps India meet its climate goals faster.
R
Rohit P
Record volumes are good, but the key question is: are state electricity boards actually buying more from the exchange to reduce their losses? Or is this just industrial consumers? The article doesn't clarify the buyer mix.
S
Sarah B
As someone who works in manufacturing, competitive power prices are a huge relief. It directly impacts our operational costs. The Real-Time Market growing by 51% is significant – allows for much better demand management.
K
Karthik V
Good to see prices falling with increased supply. But we must ensure this isn't just a seasonal thing. Need consistent policy to keep liquidity high, especially during summer peaks. The Term-Ahead market decline is a bit concerning though.
M
Meera T
More power trading is a positive sign for the economy. Efficient markets lead to efficient resource use. Hope the benefits trickle down to every household. The REC market activity is also promising for the green transition! 🙏

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