India, Nov. 4 -- The Indian Energy Exchange (IEX) recorded a total electricity trade volume of 11,233 million units (MU) in October 2025 (excluding TRAS), registering a 16.5% year-on-year increase. Renewable Energy Certificate (REC) trading also saw strong traction, with 6.19 lakh certificates traded during the month, up 39.4% YoY.
As per government data, India's energy consumption in October stood at 132 billion units (BU), a 6% decline from the same period last year. Higher generation from hydro, wind, and solar sources, supported by stable coal-based output, resulted in improved supply liquidity and softer prices in the exchange market.
The average market clearing price in the Day-Ahead Market (DAM) dropped 32% YoY to Rs 2.67/unit, whi...