During FY25, India’s power demand grew by 4.4 per cent Y-o-Y
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RAGHUNATHAN SR

The Indian Energy Exchange (IEX) said on Friday that it achieved the highest ever electricity traded volume of 121 billion units (BUs) in FY25, registering an increase of 19 per cent per cent on an annual basis.

The country’s largest power exchange also recorded its highest ever yearly trade of Renewable Energy Certificates (RECs) in FY25 with 178 lakh certificates being traded during the fiscal year, marking a 136 per cent Y-o-Y increase.

During FY25, the country’s power demand grew by 4.4 per cent Y-o-Y.

Given the increase in demand, the power ministry took proactive measures throughout the year to enhance power supply like extending the directive for imported coal-based power plants to operate at full capacity, sale of surplus un-requisitioned power on power exchanges, ensuring the availability of gas-based plants and higher availability of generating units to meet peak demand, IEX said.

These measures along with ample availability of coal with coal inventory around 21 days and no loss of generation, in the fiscal year 2025, ensured sufficient supply liquidity in the system, it added.

During the year, the sell liquidity in the Day Ahead Market (DAM) segment increased by 36 per cent Y-o-Y, thereby keeping power prices competitive on the exchange.

For FY25, the market clearing price (MCP) in the DAM segment was at ₹4.47 per unit, as compared to ₹5.24 in FY24, marking a decline of 15 per cent Y-o-Y.

During Q4 FY25, IEX achieved its highest ever quarterly electricity traded volume of 31,747 million units (MU), marking an 18 per cent Y-o-Y increase.

IEX recorded the highest quarterly trade of RECs in Q4 FY25. A total of 68 lakh Renewable Energy Certificates were traded during the quarter, marking 108 per cent Y-o-Y growth. 

The Market Clearing Price in the Day Ahead Market was at ₹4.43 per unit during Q4 FY25, declined 9 per cent Y-o-Y.

During March 2025, IEX achieved its highest ever monthly electricity traded volume of 11,215 MU, marking a 29 per cent increase Y-o-Y.

A total of 13 lakh Renewable Energy Certificates (RECs) were traded during March 2025, marking an 18 per cent Y-o-Y increase.

According to government data, the country’s energy consumption reached 148 BUs in March, an increase of 7 per cent per cent compared to the previous year.

On March 11, 2025, peak demand reached 235 GW, surpassing the maximum peak demand of 222 GW recorded in March 2024. Despite the increase in power demand, the average market clearing price in the Day Ahead Market during March 2025 was ₹4.47 per unit due to increased supply.

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Published on April 4, 2025