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May Electricity Trades on IEX Climb 14% as Spot Prices Slide

Due to unseasonal rains followed by an early monsoon, electricity demand across India fell in May

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Overview

  • IEX traded 10,946 million units in May, marking a 14% increase from May 2024.
  • Day-Ahead Market clearing prices fell 22% year-on-year to ₹4.12 per unit while Real-Time Market rates dropped 28% to ₹3.43 per unit.
  • Real-Time Market achieved a record monthly volume of 4,770 million units, up 42%, as Day-Ahead volume declined 20% to 3,510 million units.
  • Trading of Renewable Energy Certificates surged 65% year-on-year to 17.43 lakh units in May.
  • National energy consumption dropped 4% to 148.7 billion units in May, reflecting lower demand.