New Delhi: Electricity prices on power exchanges fell sharply in July 2025 even as national energy consumption rose, indicating higher liquidity and a more competitive marketplace for buyers, according to a statement issued by Indian Energy Exchange (IEX) on Tuesday. Government data showed that India’s energy consumption reached 153.6 billion units (BUs) in July 2025, registering a 2.6 percent increase compared to the same period last year.
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Despite the higher demand, the market clearing price in the Day-Ahead Market (DAM) fell 16 percent year-on-year to Rs 4.18 per unit, while the Real-Time Market (RTM) price dropped 23 percent to Rs 3.83 per unit.
“These prices presented an opportunity for discoms and commercial and industrial (C&I) consumers to meet their demand at a competitive price and to replace their costlier power by procuring through exchanges,” IEX said.
Indian Energy Exchange recorded its highest-ever monthly electricity traded volume in July 2025, with 12,664 million units (MU) traded across all market segments — an increase of 25.5 percent year-on-year.
The performance was driven primarily by a surge in the Real-Time Electricity Market (RTM), which reached an all-time high monthly volume of 5,109 MU, up 53 percent from July 2024. The exchange also recorded its highest-ever single-day RTM volume of 204.6 MU on July 27, 2025.
The Day-Ahead Market (DAM), including the High Price DAM (HPDAM), recorded 5,510 MU of traded volume in July 2025, up 9 percent from 5,056 MU in July 2024.
The Term-Ahead Market (TAM) — comprising contingency, daily, weekly, and monthly contracts up to three months, including the High Price TAM (HPTAM) — traded 917 MU, marking a 28 percent increase from 714 MU last year.
The Green Day-Ahead and Green Term-Ahead Market segments collectively recorded a traded volume of 1,025 MU in July 2025, up 4 percent year-on-year from 990 MU. The weighted average price in the Green Day-Ahead Market (GDAM) was Rs 3.91 per unit.
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A total of 16.26 lakh Renewable Energy Certificates (RECs) were traded on the exchange during the July 2025 sessions held on July 9 and 30, at a clearing price of Rs 360 per REC.
While REC volumes declined by 48 percent year-on-year, the platform continued to support clean energy compliance markets. The next REC trading sessions are scheduled for August 13 and 27, 2025, IEX said.
With increasing energy demand and improved supply-side liquidity, IEX’s strong performance highlights the growing relevance of exchange-based power procurement. Lower prices across markets offered cost-saving opportunities for discoms and industrial consumers alike, positioning the exchange as a key player in India’s evolving electricity market.
