IEX Q3FY26 Volume Up 11.9% to 34.08 BU; RTM Grows 35.7%
IEX reported Q3 FY'26 electricity traded volume of 34.08 BU, up 11.9% YoY. RTM volume surged 35.7% YoY. DAM prices fell 13.2% to ₹3.22/unit and RTM prices declined 11.6% to ₹3.26/unit. December'25 volume was 11.44 BU, up 2.8% YoY.
The increase in traded volumes and growth in specific market segments like RTM are positive indicators for the company's business performance. However, the decline in average prices in DAM and RTM might temper the immediate financial impact.
The announcement shows positive growth in overall electricity traded volume and significant growth in the RTM segment. Despite lower prices in DAM and RTM, the increased volumes indicate a healthy market and good trading activity.
Indian Energy Exchange (IEX) reported a significant increase in electricity traded volume for the third quarter of FY'26, reaching 34.08 billion units (BU), an 11.9% year-on-year growth. The Real-Time Market (RTM) segment showed particularly strong performance, with a 35.7% year-on-year increase in volume.
During Q3 FY'26, IEX traded 18.63 lakh renewable energy certificates. The substantial drop in Day-Ahead Market (DAM) and RTM prices, attributed to increased hydro, wind, and coal-based generation, presented opportunities for discoms and C&I consumers to procure power competitively. The Market Clearing Price in DAM decreased by 13.2% year-on-year to ₹3.22/unit, and in RTM, it declined by 11.6% to ₹3.26/unit.
For December 2025, IEX recorded a monthly electricity traded volume of 11.44 BU, a 2.8% year-on-year increase. The RTM segment grew by 20.5% year-on-year. The DAM price saw a marginal increase of 0.7% to ₹3.92/unit, while the RTM price increased by 2.2% to ₹3.93/unit.
In the DAM segment, volume was 16,250 MU in Q3 FY'26, a 2.8% YoY decline. RTM volume increased to 12,650 MU, up 35.7% YoY. The Day Ahead Contingency and Term-Ahead Market (TAM) traded 2,535 MU, a 29.3% increase YoY.
The Green Market segments (Green Day-Ahead and Green Term-Ahead) achieved a volume of 2,647 MU in Q3 FY'26, a 7.2% increase YoY. The REC Market traded 18.63 lakh RECs in Q3 FY'26, a 29.8% YoY decline. The next REC trading sessions are scheduled for January 14, 2026, and January 28, 2026.
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Indian Energy Exchange Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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