Shares of Indian Energy Exchange (IEX) gained more than 2% in Wednesday’s session after the company disclosed that it has filed a petition challenging the Central Electricity Regulatory Commission’s (CERC) July 23, 2025 order on phased implementation of market coupling. The stock rose 2.54% to Rs 151.13, up Rs 3.75, giving the company a market capitalization of Rs 1.34 lakh crore on the NSE.
Market coupling refers to the aggregation and matching of buy and sell bids across exchanges and platforms to arrive at a single uniform electricity price. While CERC has mandated its gradual rollout, IEX has raised concerns about potential operational and market risks.
Alongside its 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 are designed to meet growing electricity demand during peak hours and provide greater flexibility to market participants.
The move highlights IEX’s efforts to safeguard its leadership position as India’s top power exchange while exploring growth avenues in peak-hour electricity trading.
At the time of writing, IEX shares were trading at Rs 151.13, up 2.54% in early trade.
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