Latest news with #CentralElectricityRegulatoryCommission
Mint
5 days ago
- Business
- Mint
IEX share price jumps over 12% despite stock market crash; here's why
IEX share price rebounded sharply on Friday, jumping over 12% in early trade, partially recovering from the previous session's steep decline. IEX share price surged as much as 12.11% to ₹ 148.50 apiece on the BSE. On Thursday, July 24, IEX share price had plunged nearly 30%, marking its seventh consecutive session of decline. The sell-off was triggered after the Central Electricity Regulatory Commission (CERC) announced the implementation of market coupling from next year. Post market hours on Thursday, Indian Energy Exchange (IEX) reported its financial results for the first quarter of FY26. The company posted a 25% year-on-year (YoY) increase in consolidated net profit to ₹ 120 crore, compared to ₹ 96 crore in the same quarter last year. The company's revenue in Q1FY26 increased 19% to ₹ 184.2 crore from ₹ 154 crore, year-on-year (YoY). Electricity volumes during the June quarter increased 15% to 32.4 billion units (BU). The exchange said trading of renewable energy certificates (RECs) jumped 149.3% YoY with 52.7 lakh RECs traded during the quarter. At 9:35 AM, IEX share price was trading 12.04% higher at ₹ 148.40 apiece on the BSE.
Time of India
5 days ago
- Business
- Time of India
Explained: What is market coupling in power sector, and how it will change electricity pricing in India
New Delhi: In a major reform move, India's electricity regulator—the Central Electricity Regulatory Commission (CERC)—has ordered a phased rollout of market coupling in the Day-Ahead Market (DAM) by January 2026. While this may sound technical, it is expected to reshape the way electricity is bought and sold in India, and could eventually help lower prices for consumers and improve efficiency in the power system. So what exactly is market coupling, and why is it being introduced now? What is Market Coupling: Think of it like airline ticket booking Imagine there are three different travel apps—say App A, App B, and App C—where you can book airline tickets. Right now, each app has a different price for the same flight, even though the airline is the same. Some apps may show lower fares, others may not. Now imagine if all the apps were connected to a central system that pooled all the tickets together and offered you the best price across all platforms—automatically. That's what market coupling aims to do for electricity. Currently, India has three power exchanges—IEX ( Indian Energy Exchange ), PXIL (Power Exchange India Ltd), and HPX (Hindustan Power Exchange). All three allow electricity buyers (like DISCOMs and large industries) and sellers (like power generators) to trade power for the next day. But each exchange operates independently, leading to different prices for the same commodity—electricity. With market coupling, there will be a common price for power across all exchanges, determined by a single Market Coupling Operator (MCO). The goal is to ensure the most efficient match of supply and demand, regardless of which exchange the bid is placed on. Why is this being done now? Electricity markets are becoming more dynamic, with large variations in demand and supply throughout the day—especially with the rise of solar and wind energy. Ensuring that power is dispatched efficiently and at the lowest cost is becoming critical. Between December 2024 and March 2025, a shadow pilot project was conducted by Grid-India to test if market coupling can actually deliver results. The findings were promising: 1. In the Real-Time Market (RTM), market coupling could save ₹1.4 crore per day. 2. Price volatility went down. 3. Power was allocated more efficiently. These results gave the CERC confidence to roll out the reform—starting with the Day-Ahead Market. What changes can consumers and the industry expect? In the long term, market coupling could lead to lower and more stable power prices, especially during periods of surplus supply. For instance, when wind power is high at night or solar is abundant in the afternoon, prices fall sharply on one exchange but remain high on another. Market coupling will eliminate these gaps. Also, it will discourage arbitrage behaviour—where buyers deliberately choose the exchange with lower prices—because now there will be one national clearing price. For industries and DISCOMs, this could simplify buying decisions, make costs more predictable, and reduce administrative complexity. Who will run the new system? Rather than appointing one central operator, the CERC has adopted a round-robin model, where the three exchanges will take turns acting as the Market Coupling Operator. Grid-India will act as a standby body and oversee audits, ensuring transparency. For now, market coupling will be implemented only in the Day-Ahead Market, where the bulk of scheduled electricity is traded. Real-Time Market (RTM) and Term-Ahead Market (TAM) coupling have been deferred due to operational and technical complexities. What are the challenges ahead? Market coupling may sound simple, but its execution is highly complex. All exchanges will have to align their bidding formats, upgrade their software systems, and coordinate closely in real-time. There are also concerns about whether market coupling could reduce competition among exchanges. However, the CERC has clarified that while price discovery will be centralised, competition will continue in services, user experience, and innovation, keeping exchanges relevant. What comes next? The CERC has directed its staff to work with Grid-India and stakeholders to propose regulatory changes needed to implement the reform. Another pilot is expected in the Term-Ahead Market, and broader consultations will follow. If successful, India could become one of the few countries globally with a unified, efficient, and transparent electricity market, helping ensure both cost-effective power and grid stability—key to supporting rising demand, especially from electric vehicles, industry, and green hydrogen.
Economic Times
5 days ago
- Business
- Economic Times
IEX Q1 Results: Cons PAT jumps 25% YoY to Rs 120 crore, revenue rises 19%
Indian Energy Exchange (IEX) on Thursday reported a 25% year-on-year jump in its consolidated net profit for the quarter ended June 30, 2025 to Rs 120 crore versus Rs 96 crore reported in the year-ago period. ADVERTISEMENT Revenue in the quarter stood at at Rs 184.2 crore, increasing by 19% from Rs 154 crore posted in the corresponding quarter of the last financial year. The earnings were announced after market hours and IEX shares plunged 29% to settle at Rs 132.45 on the BSE following the Central Electricity Regulatory Commission's (CERC) formal approval to the implementation of market coupling for India's power sector. India's power trading exchange reported electricity volumes at 32.4 BUs in in Q1FY26 which increased 14.9% its filing to the exchanges, IEX said that 52.7 lakh RECs traded during Q1FY26, increasing 149.3% YoY. More to come... (You can now subscribe to our ETMarkets WhatsApp channel)
Business Standard
5 days ago
- Business
- Business Standard
Indian Energy Exchange slumps after CERC announces decision to initiate power market coupling
Shares of Indian Energy Exchange (IEX) tumbled 25.98% to Rs 139.05 after media reports indicated that the Central Electricity Regulatory Commission (CERC) has formally announced the implementation of power market coupling in India. According to reports, under the first phase of the new regulatory framework, the day-ahead market (DAM) is expected to be coupled by January 2026. The model proposes a round-robin system where multiple power exchanges will alternately function as Market Coupling Operators (MCOs). Market coupling is a mechanism through which buy and sell bids from all power exchanges are aggregated and centrally matched to arrive at a single, uniform market clearing price (MCP). Once implemented, this would mean only one trading price for electricity across all exchanges at any given time, eliminating price variations across platforms. While the change may not have an immediate impact on end users, reports suggests that in the long run, market coupling could help bring down overall electricity tariffs for consumers by improving efficiency and liquidity in the power trading ecosystem. Currently, multiple exchangesincluding IEXoperate independently in the DAM segment. Under the proposed model, these exchanges will no longer determine prices individually but will serve solely as interfaces for collecting bids, with a centralized system managing price discovery and dispatch. As per reports, multiple power exchanges, including Indian Energy Exchange (IEX), operate independently in the current scenario. The coupling of the day-ahead market (DAM) would mean that bids from all participating exchanges will be matched centrally to determine a single market clearing price. Reports suggest that the new framework will influence not just price discovery but also market operations, trade volumes, and settlement mechanisms. As the dominant player in the DAM and real-time market segments, IEX is expected to be significantly impacted by these changes, the report said. IEX is India's premier electricity exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable power, renewable energy certificates and energy saving certificates. The board of IEX will meet today to consider and approve the earnings for the quarter ended on 30 June 2025. The company's consolidated net profit rose 21.12% to Rs 117.11 crore on 17.29% increase in net sales to Rs 142.25 crore in Q4 March 2025 over Q4 March 2024.
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Business Standard
6 days ago
- Business
- Business Standard
IEX tanks 15%: Brokerages decode what CERC's nod to 'market coupling' mean
IEX shares were locked at the lower circuit on the stock exchanges today as approval to market coupling norm will shift volumes to other competing exchanges, denting growth prospects of IEX Listen to This Article Indian Energy Exchange (IEX) share price today Indian Energy Exchange (IEX) shares tanked 15 per cent to ₹159.70 on the BSE in Thursday's intraday trade after the Central Electricity Regulatory Commission (CERC) approved the implementation of 'market coupling' norms with the Day Ahead Market (DAM), in accordance with the Power Market Regulations of 2021. The stock of the electricity exchange and data platform company has corrected 31 per cent from its 52-week high level of ₹244.35 touched on September 24, 2024. It had hit a 52-week low of ₹151.05 on March 4, 2025. Till 09:17 AM, a combined 1.8 million
