IEX green day-ahead price falls 6.9% YoY to Rs 3.79/unit in April as traded volumes rise

IEX said the weighted average price in Green Day-Ahead Market fell 6.9% year-on-year to Rs 3.79/unit in April’26
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IEX green day-ahead price falls 6.9% YoY to Rs 3.79/unit in April as traded volumes riseEnergy Watch
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New Delhi: Indian Energy Exchange (IEX) said its green market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 841 MU in April’26, up 7.5 percent from 782 MU a year earlier. The company added that “the weighted average price in Green Day-Ahead Market (G-DAM) for April’26 at Rs 3.79/unit, decreased 6.9 percent YoY.”

The exchange also said the broader electricity market remained active through the month, with India’s energy consumption touching 154 BUs in April 2026, up 4 percent year-on-year, while electricity demand reached an all-time high of 256 GW amid “highly dynamic weather conditions.”

Monthly traded volume rises 16.6%

IEX said its monthly electricity traded volume stood at 12,341 MU in April’26, compared with the year-ago period, marking an increase of 16.6 percent year-on-year.

In the Day-Ahead Market, including HP-DAM, volume rose to 4,624 MU from 4,254 MU in April’25, an increase of 8.7 percent year-on-year. The exchange said strong demand pushed buy bids up 31 percent year-on-year, while sell bids rose 35 percent year-on-year.

The average market clearing price in DAM stood at Rs 5.26/unit, up 1 percent year-on-year. IEX said unseasonal rainfall in the first days of April moderated demand and kept DAM prices below Rs 3.5/unit on several days, giving discoms and C&I consumers an opportunity to procure power at competitive rates.

RTM logs highest-ever single-day trade

The Real-Time Market (RTM) posted the strongest growth in the month, with volume rising to 5,069 MU from 3,893 MU in April’25, an increase of 30.2 percent year-on-year. IEX said the RTM market clearing price averaged Rs 4.82/unit, up 5.4 percent year-on-year.

The exchange also reported its “highest ever single day volume of 250 MU in RTM” on April 30, 2026. It said prices touched near-zero levels across multiple time blocks during the month, driven by surplus renewable energy during solar hours.

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REC trading falls sharply

IEX said 1.18 lakh Renewable Energy Certificates were traded in April, down 59.4 percent year-on-year. Trading sessions were held on April 8 and April 29, with clearing prices of Rs 339/REC and Rs 370/REC, respectively.

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The exchange said sell bids declined by nearly 87 percent year-on-year, while buy bids increased by 42 percent year-on-year, which led to a rise in clearing prices during April. The next REC trading sessions are scheduled for May 13 and May 27, 2026.

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