In May 2026, India’s energy consumption was reported at 164.98 billion units (BU), marking an 11.5% rise from the previous year. Peak power demand hit an unprecedented high of 270.82 GW during this month.
In the Day-Ahead Market (DAM), buy bids increased by 77% year-on-year, while sell bids saw a 30% rise. The average market-clearing price in DAM reached ₹4.88 per unit, an 18.3% increase year-on-year. Meanwhile, in the Real-Time Market (RTM), the average market-clearing price was ₹4.16 per unit, which is up 21.2% from the previous year.
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The Day-Ahead Market, including HP-DAM, recorded a traded volume of 4,417 MU in May 2026, compared to 3,535 MU in the same month last year, reflecting a 24.9% growth. The Real-Time Electricity Market volume increased to 5,529 MU in May 2026 from 4,770 MU a year prior, which is a growth of 15.9%.
The Day Ahead Contingency and Term-Ahead Market (TAM), which includes HP-TAM and features contingency, daily, weekly, and monthly contracts valid for up to three months, reported a trading volume of 2,003 MU this month.
IEX Green Market, encompassing the Green Day-Ahead Market and Green Term-Ahead Market segments, saw a traded volume of 1,034 MU in May 2026, up from 915 MU in May 2025, representing a 13% year-on-year growth. The weighted average price in the Green Day-Ahead Market remained steady at ₹3.60 per unit for May 2026 compared to the previous year.
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A total of 6.10 lakh Renewable Energy Certificates (RECs) were traded in May 2026, down 65% year-on-year. REC trading sessions took place on May 13 and May 29, with a clearing price of ₹400 per REC. Sell bids in the REC market fell 85.3% year-on-year, contributing to an increase in clearing prices during May 2026.
Shares of Indian Energy Exchange Ltd closed at ₹123.20, down ₹2.00, or 1.60%, on the BSE.
(Edited by : Jomy Jos Pullokaran)
First Published: Jun 3, 2026 4:32 PM IST
