India’s energy consumption stood at 164.98 billion units (BU) during May 2026, up 11.5% from a year ago. Peak power demand touched an all-time high of 270.82 GW during the month.
In the Day-Ahead Market (DAM), buy bids rose 77% year-on-year, while sell bids increased 30%. The average market-clearing price in DAM stood at ₹4.88 per unit, up 18.3% year-on-year. The average market-clearing price in the Real-Time Market (RTM) came in at ₹4.16 per unit, rising 21.2% from a year ago.
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The Day-Ahead Market, including HP-DAM, recorded traded volume of 4,417 MU in May 2026, compared with 3,535 MU in the corresponding month last year, marking a 24.9% increase. Real-Time Electricity Market volume rose to 5,529 MU in May 2026 from 4,770 MU a year ago, registering growth of 15.9%.
The Day Ahead Contingency and Term-Ahead Market (TAM), including HP-TAM and comprising contingency, daily, weekly and monthly contracts of up to three months, traded 2,003 MU during the month.
IEX Green Market, which includes the Green Day-Ahead Market and Green Term-Ahead Market segments, recorded traded volume of 1,034 MU in May 2026 compared with 915 MU in May 2025, registering a 13% increase year-on-year. The weighted average price in the Green Day-Ahead Market stood at ₹3.60 per unit during May 2026, largely unchanged from a year ago.
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A total of 6.10 lakh Renewable Energy Certificates (RECs) were traded during May 2026, down 65% year-on-year. REC trading sessions were conducted on May 13 and May 29, with the clearing price at ₹400 per REC. Sell bids in the REC market declined 85.3% year-on-year, leading to an increase in clearing prices during May 2026.
Shares of Indian Energy Exchange Ltd ended at ₹123.20, down by ₹2.00, or 1.60%, on the BSE.
