Shares of the Indian Energy Exchange (IEX) witnessed significant volatility on Friday following the Central Electricity Regulatory Commission’s (CERC) decision to stay its order on market coupling, a mechanism that would have unified electricity pricing across exchanges.
The stock moderated between ₹140.20 and ₹160.30 on the BSE in today’s trading session after opening flat at ₹150. At 12.47 pm, it traded 4.66 per cent lower at ₹143.10.
According to reports, APTEL observed that the CERC will not implement the system till regulations are made. APTEL has scheduled next hearing on January 19, 2026.
With market coupling, IEX is expected to lose control over price discovery as other exchanges gain access to the same pricing.
Experts warn that increased competition could also drive transaction charges lower, prompting traders to explore alternatives offering better fees.
Published on January 9, 2026
