Share price of Indian Energy Exchange Ltd (IEX) was trading at ₹119.10 at 10:23 am IST on Thursday, up 0.43% from the previous close of ₹118.59 per share. During the session, the stock rose as much as 1.95% to an intraday high of ₹120.95. The counter is currently hovering near its 52-week low of ₹117.84, compared to its 52-week high of ₹215.40 per share. The company commands a market capitalisation of ₹19,267.86 crore, and the stock has declined 17.90% over the past three years.
IEX reported a strong 30.4% year-on-year rise in monthly electricity traded volume at 12,550 million units (MU) in February 2026. This growth significantly exceeded the 1.9% increase in national energy consumption, which stood at 133 billion units (BUs) during the month. The robust expansion in exchange-traded volumes indicates higher participation by market players amid improving supply conditions and competitive pricing.
Despite higher overall electricity consumption, market-clearing prices declined sharply due to improved supply liquidity. In the Day-Ahead Market (DAM), the average market-clearing price fell 18.3% year-on-year to ₹3.58 per unit. Similarly, the Real-Time Market (RTM) witnessed an 18.7% year-on-year decline in average price to ₹3.59 per unit.
The lower price environment enabled Distribution Companies (Discoms) and Commercial & Industrial (C&I) consumers to optimise procurement costs by substituting more expensive power sources with competitively priced, exchange-traded electricity.
The Day-Ahead Market recorded volumes of 6,588 MU in February 2026, up 22.7% from 5,369 MU in February 2025. The Real-Time Market delivered even stronger growth, with volumes surging 51.7% year-on-year to 4,379 MU, reflecting increasing reliance on short-term balancing mechanisms.
The Green Market, comprising Green Day-Ahead and Green Term-Ahead segments, achieved 808 MU during the month, marking a 46.3% increase year-on-year. The weighted average price in the Green Day-Ahead Market declined 25.3% to ₹3.43 per unit compared to the previous year.
In contrast, the Term-Ahead Market (TAM), which includes contingency and monthly contracts, recorded a volume of 775 MU, registering a marginal decline of 4.7% year-on-year.
A total of 18.86 lakh Renewable Energy Certificates (RECs) were traded in February 2026, representing a 15.2% increase over the previous year. Trading sessions held on February 11 and February 25 recorded clearing prices of ₹333 and ₹337 per REC, respectively. The next REC trading sessions are scheduled for March 11 and March 25, 2026.
During February, the exchange achieved its highest-ever daily average electricity volume of 448 MU, underscoring growing market depth and participation. As a publicly listed and regulated entity, IEX continues to operate a nationwide automated platform for the physical delivery of electricity and renewable energy certificates, strengthening transparency and efficiency in India’s power market.
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