Business Performance Update
IEX Reports Record FY26 Electricity Volume of 141 BU; Strong Growth in Green & RTM Segments
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Indian Energy Exchange (IEX) reported record electricity trading volume of 141 BU in FY26 with strong growth in green market and real-time market, although power prices declined due to higher supply liquidity.
PRICE-SENSITIVE TRIGGER
Event: FY26 operational performance update
Type: Business Performance Update
Impact: Positive (Mixed)
Immediate Effect: Strong volume growth supports revenue, but falling prices may impact margins.
Key Metrics
Electricity Volumes
- FY26 Total Volume: 141 BU
- YoY Growth: +17%
- Q4 Volume: 39.4 BU (+24.3% YoY)
- March Volume: 13.90 BU (+23.5% YoY)
Green Market
- FY26 Volume: 10.78 BU (+23% YoY)
- Q4 Growth: +26.5% YoY
Real-Time Market (RTM)
- FY26 Volume: 54.85 BU (+41% YoY)
- Q4 Growth: +48.2% YoY
REC Market
- FY26 RECs: 187.20 lakh (+5% YoY)
- March Growth: +119.9% YoY
Pricing Trends
- DAM Price FY26: ₹3.86/unit (-13.7% YoY)
- RTM Price FY26: ₹3.59/unit (-16% YoY)
Highlights
Record Volume: 141 BU (All-time high)
What Happened ?
Indian Energy Exchange (IEX) released its FY26, Q4FY26 and March’26 power market update, reporting record electricity trading volumes across segments.
The growth was driven by increased participation, renewable energy integration, and higher liquidity in the power market.
Key highlights
Volume Growth
- Highest ever annual volume
- Strong growth across:
- RTM
- Green market
- Increasing electricity demand participation
Renewable Push
- Green market grew 23% YoY
- Strong REC trading activity
- Reflects renewable adoption trend
RTM Strength
- Fastest growing segment
- +41% YoY growth
- Indicates demand for flexible power
Price Pressure
- Power prices declined:
- Due to higher supply
- Increased liquidity
Note: Volume up, price down → margin sensitivity.
Risk Analysis
Key Risks
- Declining power prices
- Margin compression
- Regulatory changes
- Competition from alternative platforms
Worst Case Scenario
If prices remain low, revenue growth may lag volume growth.
Risk Level: Medium
Company Commentary
- Highlighted record volumes
- Focus on renewable energy growth
- Strong platform liquidity
Official Exchange Filing: Indian Energy Exchange (IEX) Limited