Market Coupling News Today

This comes days after the CERC on February 6 ordered for a shadow pilot on market coupling of Indias power exchanges.

The short term electricity trade business is less profitable than medium term and long term contracts

Market coupling is a model where buying and selling of bids for all three power exchanges will be aggregated into a uniform market clearing price.

IEX stock hit an intraday low of Rs 145.35, down 11.39% against the previous close of Rs 164.05 on BSE. Later, the stock closed 10.24% lower at Rs 147.25 on BSE.

In a reflection of ambitious plans, the Union power ministry has planned a whooping 91 GW of coal-based thermal power generation capacity entailing an investment of Rs 7.28 lakh crore over the next few years

NEW DELHI: India will focus on setting up more coal-fired power projects as well as keep adding renewable generation capacity to achieve 24x7 electric.

The report of the group on Development of Electricity Market in India 2023, which was headed by former secretary for power Alok Kumar, also stated that market coupling ensures bids and offers are combined to discover a single uniform market clearing price for a zone/bidding area

IEX shares closed 10.18% lower at Rs 122.60 on BSE. During the session, the stock hit a 52 week low of Rs 116.05, down 14.99% against the previous close of Rs 136.50 on BSE.

IEX shares: Nuvama's views come after the IEX stock slipped 9% in the last 30 minutes of trade on Thursday.

Indian Energy Exchange share price: Rohit Bajaj, Head - Business Development, Strategy and Regulatory Affairs at IEX, told Business Today, "India has today a voluntary market framework where all exchanges have equal opportunities. Market coupling is done to couple different markets operating in different geographies which is not applicable in our case."