IEX shares rose approximately 1% on Friday following the company's strong Q1 FY27 performance, with the stock trading at ₹124.17 on the NSE as of 11:22 AM on July 3, 2026. The positive market reaction reflects investor confidence in the electricity exchange's robust operational metrics and continued growth trajectory in India's power trading sector.
Indian Energy Exchange achieved electricity traded volume of 37,534 MU in Q1 FY27, marking a 15.9% year-on-year increase. According to latest reports from The Financial Express, the Day-Ahead Market including HPDAM achieved 13,344 MU volume in Q1 FY27 compared to 12,399 MU in Q1 FY'26, representing a 7.6% YoY increase. The Real-Time Electricity Market (RTM) volume surged to 16,019 MU in Q1 FY'27 from 12,975 MU in Q1 FY'26, registering a 23.5% YoY increase. However, June 2026 volumes in the Day-Ahead Market segment declined 6.6% YoY to 4,304 MU from 4,610 MU, while June RTM volume rose 25.7% YoY to 5,420 MU from 4,312 MU. The Term-Ahead Market posted the fastest expansion with 22.9% YoY growth to 5.3 BU in Q1 FY27, while June volumes surged 58.7% YoY to 1.5 BU.
India experienced hotter-than-normal summer marked by persistent heatwaves and above-normal temperatures, with peak power demand surging to an all-time high of 270.8 GW in May 2026. According to government data published in June 2026, the country's energy consumption touched 485.4 BUs in Q1FY'27, registering a year-on-year growth of 8.8%. The surge in power demand pushed prices higher in both DAM and RTM segments, with the country witnessing its driest June in over a decade due to the late onset of monsoon. As reported by The Financial Express, India's electricity consumption grew 11.6% YoY in June to 166.5 billion units, providing a significant boost to trading activity on the power exchange platform. During June 2026, the country's energy consumption reached 166.5 billion units (BUs), reflecting an 11.6% YoY growth due to heatwaves and the delayed monsoon, with the southwest monsoon rainfall ending the month nearly 40% below the long-period average.
The Market Clearing Price in the Day-Ahead Market at ₹5.1/unit during Q1 FY'27 increased 15.7% compared to Q1 FY'26, while the Market Clearing Price in the Real-Time Market at ₹4.5/unit during Q1 FY'27 increased 13.8% compared to Q1 FY'26. As reported by The Financial Express, during June 2026, the Market Clearing Price in the Day-Ahead Market at ₹5.2/unit during June 2026 increased 32.4% year-on-year, while the Market clearing price in the Real Time Market at ₹4.4/unit during June 2026 increased 17% year-on-year. The average market clearing price in the RTM segment stood at ₹4.4 per unit during June 2026, an increase of 17%. The price surge was attributed to tighter supply conditions and extreme heatwaves that drove electricity consumption to record levels.
A total of 9.77 lakh Renewable Energy Certificates were traded during Q1 FY27, though REC volumes declined 81.4% year-on-year. As reported by The Financial Express, REC volumes fell 92.3% YoY in June 2026, with the decline accompanied by a drop of over 86% in sell bids, leading to increased clearing prices during the quarter. In June 2026, 2.49 lakh RECs were traded at clearing prices of ₹400/REC and ₹395/REC respectively, with REC traded volume decreasing by 92.3% on YoY basis due to reduced sell bids. The next REC trading sessions are scheduled for July 8 and July 29.
IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved volume of 2,827 MU in Q1 FY'27, representing a 6.3% increase over Q1 FY'26. According to The Financial Express, the segment achieved 953 MU volume during June 2026 compared to 964 MU in June 2025, registering a marginal decline of 1.2% YoY. The weighted average price in Green Day-Ahead Market (G-DAM) for June 2026 was ₹3.79/unit. Monthly trends showed that electricity volumes remained above the 12-BU mark throughout the quarter, with IEX trading 12.34 BU in April, 12.98 BU in May, and 12.2 BU in June before recording 12.98 BU in May.
