Shares of Indian Energy Exchange (IEX) are in focus today after the company filed a petition against the Central Electricity Regulatory Commission’s (CERC) July 23, 2025 order on phased implementation of market coupling in India’s power exchanges.

Market coupling involves aggregating and matching buy and sell bids across all exchanges and platforms to discover a single uniform electricity price. While CERC has pushed for its gradual rollout, IEX has raised concerns about potential operational and market risks.

Alongside the appeal, IEX has also sought regulatory approval to introduce new products — the Peak Day Ahead Market (Peak DAM) and Peak Real Time Market (Peak RTM). These offerings are aimed at addressing rising electricity demand during peak hours, giving market participants more trading flexibility.

The move comes as IEX continues to defend its market position as the country’s leading power exchange, while also exploring new avenues of growth in peak-hour electricity trading.

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