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HomeMarket NewsIEX shares in focus on Monday after this latest market coupling release by the CERC
The CERC has invited feedback from the public and various stakeholders by May 16, 2026. The draft also states that the detailed procedures on market coupling will be issued within the next six months.
Shares of the Indian Energy Exchange (IEX) Ltd. will be in focus on Monday, April 20, after the latest release by the Central Electricity Regulatory Commission (CERC) on power market regulations.
The CERC's latest draft on power market regulations includes a formal framework for market coupling.
As per the draft, Grid India will act as the market coupling operator (MCO), which will aggregate bids from all exchanges. The MCO will then determine a uniform market clearing price for the system.
While power exchanges will continue to collect bids, they will not determine the prices post-coupling, as per the draft release.
The release goes on to further state that market coupling will be applicable to the Day-Ahead market, Real-Time market and other market segments as well.
CERC has invited feedback from the public and various stakeholders by May 16, 2026. The draft also states that the detailed procedures on market coupling will be issued within the next six months.
As of February this year, the Appellate Tribunal for Electricity (APTEL) had dismissed the petition filed by IEX, seeking quashing of the CERC's directive on market coupling issued in July 2025, which had triggered a 30% fall in the stock price in a single session. The APTEL had allowed the framework to proceed.
Shares of IEX have gained 12.2% over the last one month, having ended Friday's session 0.6% higher at ₹135.3. The gains over the last one month have also meant that the stock has recovered all of the losses for the year so far, and has turned positive year-to-date.
