
India’s energy consumption may have dropped 4% in May 2025, but IEX—India’s biggest power trading platform—didn’t slow down. In fact, it reported a 14% year-on-year rise in total power trade volume.
That means even with less electricity being used across the country, more power was traded on the IEX platform. How? Let’s break it down.

What’s Driving This Surge?
While the Day-Ahead Market (DAM) saw a 20% drop, falling to 3,510 million units (MU) from 4,371 MU in May 2024, other segments took off:
- The Real-Time Electricity Market (RTM) hit its highest monthly volume ever at 4,770 MU—a 42% jump from last year.
- The Term-Ahead Market (TAM) also recorded 1,684 MU, growing 42% YoY.
- Green Market segments—Green DAM and Green TAM—reached 915 MU, a 47% increase.
Even renewable energy certificates (RECs) saw major traction. IEX traded 17.43 lakh RECs in May 2025, up 65% YoY, with clearing prices of ₹345 and ₹349 per certificate. Next trading sessions are already lined up for June 11 and June 25.
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But What Does This Mean for You and Me?
For regular consumers, it means more flexibility, better price discovery, and potentially cheaper, cleaner power in the long run. IEX’s dynamic markets make it easier for states and companies to balance demand and supply in real time—even when overall demand slows down.
It’s like the stock market, but for electricity—and right now, it’s buzzing with action.
The Bigger Picture
Despite a national consumption dip to 148.7 billion units, IEX’s innovation in real-time and green markets is keeping energy trade alive and competitive.
This shift shows that renewables and quick-trade platforms aren’t just trendy—they’re necessary. As India moves toward a greener energy future, IEX is already laying the tracks.
And in a world where power blackouts and climate concerns are no longer rare, having a flexible, fast trading system isn’t a luxury—it’s survival tech.
A Proud Moment for Indian Energy Markets
Let’s call it what it is: India’s energy system is evolving, and IEX is steering the change. Even when the country uses less power, it’s trading smarter. And if you’re wondering what the future looks like—it’s probably on a dashboard at IEX, updating in real-time.
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