Indian Energy Exchange (IEX) shares dropped by over 4% today following a report from ET Now that the government is considering coupling power exchanges. This potential move has raised concerns among investors, leading to a decline in IEX’s stock.
Power exchange coupling refers to a mechanism that enables the integration of multiple power exchanges to ensure uniformity in prices across platforms.
ET Now stated that the government is moving ahead with the market coupling proposal.
According to ET Now Power Ministry asked GRID-INDIA to complete pilot study on time. Grid Controller of India is conducting pilot study under the direction of CERC.
GRID-INDIA is expected to send a report within a month are various technical aspects are completely examined after which CERC will take a final call.
According to the reports of ET Now Power Ministry is planning to implement a new mechanism, either by the end of current financial year or start of FY26. Market coupling will establish a uniform market clearing price.
As of 10:33 am the shares of IEX were trading 4% lower at ₹229.82 on NSE.
Indian Energy Exchange Share Price history
| Day | Open | Close | Day’s change |
|---|---|---|---|
|
Mon, Sep 23 2024
|
₹231.85
|
₹239.37
|
|
|
Fri, Sep 20 2024
|
₹226.45
|
₹231.35
|
|
|
Thu, Sep 19 2024
|
₹228.25
|
₹225.41
|
-1.17%
|
|
Wed, Sep 18 2024
|
₹221.99
|
₹228.07
|
|
|
Tue, Sep 17 2024
|
₹222.05
|
₹221.90
|
|
|
Mon, Sep 16 2024
|
₹219.51
|
₹220.93
|
|
|
Fri, Sep 13 2024
|
₹216.75
|
₹219.07
|
|
|
Thu, Sep 12 2024
|
₹215.05
|
₹216.52
|
|
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