During the first quarter of financial year 2027, India experienced hotter-than-normal summer marked by persistent heatwaves and above-normal temperatures and India’s peak power demand surged to an all-time high of 270.8 gigawatts in May 2026. Consequently, country’s energy consumption touched 485.4 billion units in the April-June period, registering a year-on-year growth of 8.8 per cent, IEX said in a statement.
State Power Utilities purchase power from exchanges like IEX to meet the summer demand and to overcome the power deficit.
Higher demand also pushed the prices up at IEX.
The Market Clearing Price in the Day-Ahead Market (DAM)at Rs 5.1/unit during Q1 FY2027, up 15.7 per cent from the year ago period. Similarly, the Market Clearing Price in the Real-Time Market (RTM) at Rs 4.5/unit during Q1 FY2027 increased 13.8 per cent compared to Q1 FY2026.
The Day Ahead Market (DAM) which is a part of Integrated Day Ahead Market (I-DAM) is a physical electricity trading market which allows market participants to buy and sell electricity for the next day. The Real Time Market (RTM) is a market segment with physical delivery of electricity 1 hour after closure of market
in June 2026, the country’s energy consumption reached 166.5 billion units, reflecting an 11.6 per cent year-on-year growth due to heat waves and the late onset of monsoon.
India witnessed its driest June in over a decade, with the Southwest monsoon rainfall ending the month nearly 40 per cent below the long-period average. The surge in power demand pushed prices higher in the DAM and RTM segments in June, IEX said.
The Market Clearing Price in the Day Ahead Market at Rs 5.2/unit during June 2026, increased 32.4 per cent year-on-year. Similarly, the Market clearing price in the Real Time Market at Rs 4.4/unit during June 2026, increased 17 per cent year-on-year, it noted.
In June 2026, IEX achieved a monthly electricity traded volume of 12,210 million units, a 12.5 per cent increase year-on-year.
