Power market update: H1FY'27 traded volume 77.2 BU, up 14.2% YoY; Q2FY'27 volume up 12.7%

Power market update: H1FY'27 electricity traded volume 77.2 BU, up 14.2% YoY.

Tue 6 Oct 2026

H1FY'27 electricity traded volume

77.2 BU, up 14.2% YoY

Q2FY'27 volume

39,685 MU, up 12.7% YoY

September 2026 volume

12,220 MU, up 10.4% YoY

What this update is

An operational update from the exchange on how much electricity was traded and at what prices, for the half year (H1FY'27), the September quarter (Q2FY'27) and the month of September 2026. It also covers the green market and the renewable energy certificate (REC) market.

Headline volumes

• H1FY'27 electricity traded volume 77.2 BU, up 14.2% year on year; RTM volume 32.5 BU, up 16.5%.
• Q2FY'27 electricity traded volume 39,685 MU, up 12.7%; RTM volume 16.5 BU, up 10.5%.
• September 2026 electricity traded volume 12,220 MU, up 10.4%; RTM 5.3 BU, up 10.6%.
• Highest ever single-day RTM volume of 315 MU on Sep 26, 2026.

Segment-wise volumes in Q2FY'27

• Day-Ahead Market including HPDAM: 14,855 MU against 14,534 MU, up 2.2%; 37.4% of total electricity traded volumes.
• Real-Time Market: 16,490 MU against 14,925 MU, up 10.5%; 41.6% of total volumes.
• Day Ahead Contingency and Term-Ahead Market: 5,477 MU against 2,719 MU, up 101.5%.
• Green market (Green Day-Ahead and Green Term-Ahead): 2,863 MU against 3,040 MU, down 5.8%.

Clearing prices

• Q2FY'27 Day-Ahead average market clearing price Rs 5.7/unit, up 46%; Real-Time Rs 5.2/unit, up 49%.
• September 2026 Day-Ahead average price Rs 7.3/unit, up 105%; Real-Time Rs 6.9/unit, up 108%.
• Green Day-Ahead weighted average price in September 2026 Rs 4.9/unit, up 56.3%.

Demand backdrop quoted in the release

• Country energy consumption in Q2FY'27 502 BUs, up 11.5%; in September 2026 162 BUs, up 11%.
• Peak demand 269 GW on September 10, 2026.
• Buy bids in the Day-Ahead Market rose 281% in September 2026, which the release links to higher market prices. The Day-Ahead segment (including HPDAM) did 4,251 MU in September 2026 against 4,228 MU a year earlier, a 0.5% increase.

REC market

• 15.27 lakh RECs traded in Q2FY'27, down 65.5%.
• 5.25 lakh RECs traded in September 2026, down 16.2%, due to lower participation.
• Trading sessions were held on 9th and 30th September 2026 at clearing prices of Rs.345/REC and Rs.343/REC.
• The next REC trading sessions are scheduled on 14th October 2026 and 28th October 2026.

What a reader can take away

The release reports growth in overall traded volumes and higher clearing prices in the main power market segments, alongside a decline in green market and REC volumes on a year-on-year basis.

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