Indian Energy Exchange traded 11.44 billion units in December 2025, with DAM down 11.6%, RTM up 20.5%. Next REC trading sessions are scheduled to be held on January 14 and January 28, 2026. Shares of Indian Energy Exchange ended marginally higher on Monday, January 5, by 0.05% at ₹134.43 on the NSE.
Indian Energy Exchange (IEX) reported a 2.8% year-on-year rise in electricity traded volumes to 11.44 billion units (BU) in December 2025, even as volumes in the key Day-Ahead Market (DAM) declined during the month.
According to the exchange’s monthly update, the Day-Ahead Market recorded volumes of 5,899 million units (MU) in December 2025, marking a 11.6% decline compared with the same month last year.
In contrast, the Real-Time Electricity Market (RTM) continued to show strong momentum, with traded volumes rising 20.5% year-on-year to 3,833 MU during the month.
The Day-Ahead Contingency and Term-Ahead Market (TAM) segment, including the High-Price Term-Ahead Market (HPTAM), saw a sharp increase in activity. Total volumes in the segment stood at 931 MU in December 2025, registering a 87% jump over December 2024.
Volumes in the IEX Green Market, which comprises the Green Day-Ahead Market (G-DAM) and Green Term-Ahead Market, stood at 777 MU during December 2025, marginally lower by 0.5% year-on-year. The weighted average price in the Green Day-Ahead Market for the month was ₹4.21 per unit.
Meanwhile, activity in the Renewable Energy Certificate (REC) Market remained subdued. A total of 7.7 lakh RECs were traded during sessions held on December 10 and December 31, 2025, at clearing prices of ₹359 per REC and ₹345 per REC, respectively. The traded REC volume in December 2025 declined 53.7% year-on-year.
IEX said the next REC trading sessions are scheduled to be held on January 14 and January 28, 2026.