The Indian Energy Exchange (IEX) recorded a total traded volume of 10,946 million units (MU) in May 2025, marking a 14% year-on-year (YoY) growth.

The Renewable Energy Certificates (REC) market saw 17.43 lakh units traded—a 65% YoY surge—at clearing prices of ₹345 and ₹349 per REC. Despite a 4% drop in national energy consumption due to early monsoon and cooler temperatures, supply liquidity improved from hydro, wind, and thermal sources. Market Clearing Prices declined, aiding cost-effective power procurement. The Day-Ahead Market (DAM) traded 3,510 MU, down 20% YoY, while the Real-Time Market (RTM) hit a record high of 4,770 MU, up 42%. The Term-Ahead Market (TAM) rose 38% to 1,684 MU. The Green Market traded 915 MU, a 47% YoY rise, with G-DAM prices averaging ₹3.59/unit. The next REC sessions are slated for June 11 and 25. Lower power prices benefited discoms and C&I consumers across market segments.