Spot electricity prices declined substantially in May, amid reduced demand: Indian Energy Exchange
The Hindu
IEX reports significant drop in electricity prices in May 2025 due to lower demand and increased supply liquidity.
Indian Energy Exchange (IEX), a leading electricity exchange platform, said spot prices declined substantially in May, amid reduced electricity demand driven by unseasonal rains and the early onset of the monsoon
The Market Clearing Price in the Day Ahead Market (DAM) at ₹4.12/unit during May 2025, declined 22% year-on-year. Similarly, the Market Clearing Price in the Real Time Market (RTM) at ₹3.43/unit during May 2025, declined 28% year-on-year, IEX said in a statement.
According to government data published in May 2025, the country’s energy consumption stood at 148.7 billion units (BUs), marking a 4% decline compared to the previous year, it said.
Also Read | Heatwaves drove 1/3rd of rise in India’s power demand during 2024 summer: Report
Unseasonal rains and the early onset of the monsoon kept temperatures lower than usual, leading to reduced electricity demand. Concurrently, increased hydro, wind, and thermal generation resulted in higher supply liquidity on the exchange platform which led to a substantial drop in DAM and RTM prices, IEX said.
These prices presented an opportunity for Discoms and Commercial & Industrial consumers to meet their demand at a competitive price and to replace their costlier power by procuring through exchanges, it said.
DAM volumes declined 20% to 3,510 million units (MU) in May 2025 from 4,371 MU in May 2024, while RTM reported the highest ever monthly traded volume.
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