IEX reports 16% rise in energy trade to 35,217 MU in Sept quarter; shares end lower

During the quarter, the Indian Energy Exchange (IEX) traded 44.22 lakh renewable energy certificates, recording a 30% year-on-year decline.

In July-September, increased hydro, wind and coal-based generation resulted in higher liquidity on the exchange, which led to a substantial drop in DAM and RTM prices.

The market-clearing price in the day-ahead market (DAM) declined 12.5% year-on-year to ₹3.93 per unit in Q2 FY26. Similarly, the market-clearing price in the real-time market (RTM) fell 16.1% to ₹3.51 per unit in Q2 FY26.

On August 25, heavy rains boosted liquidity, driving the average RTM price to near zero (₹0.01/kWh), discovered in a single time block (07:45 am to 8:00 pm).

The DAM, including registered total volumes of 14,534 MU during Q2 FY26, increased by 1.4%. The segment accounted for 36.1% of the total traded volumes in Q2FY26.

Further, the RTM registered a total volume of 14,925 MU during Q2 FY26, an increase of 39.1% over Q2 FY25. It accounted for 37.1% of the total traded volumes in Q2 FY26. A total of 44.22 lakh RECs were traded during Q2 FY26, a decline of 29.8% year-on-year.

As many as 6.27 lakh RECs were traded in the trading sessions on September 10 and 24 at a clearing price of ₹365/REC and ₹370/REC, respectively. The next REC trading sessions at the exchange are scheduled for October 8 and 29.

IEX share price

On Monday, shares of the Energy Exchange IEX declined 0.55% on the National Stock Exchange (NSE) to close at ₹142.80 apiece. In the past five trading sessions, the company’s shares have gained 3.31%, while advancing 0.35% over the last month. Over the past six months, the stock has declined 17.84%. On a year-to-date basis, it further dropped 20.76%.

IEX's shares hit a 52-week high of ₹215.40 on June 9, 2025, and a 52-week low of ₹130.26 on August 7, 2025. As of October 6, the company’s market capitalisation stood at ₹12,733.37 crore.