IEX Issues Clarification on CERC Draft Notification Regarding Market Coupling Norms
Indian Energy Exchange Ltd (IEX) provided clarification concerning a news article published on April 20, 2026, regarding a draft notification issued by the Central Electricity Regulatory Commission (CERC) on market coupling norms.The news article, which noted that IEX shares had fallen 6% following the release of the draft notification, pertains to amendments proposed by CERC to the CERC (Power Market) Regulations, 2021. These proposed changes are detailed in the CERC (Power Market) (Second Amendment) Regulations, 2026.
IEX stated that the draft regulations have been issued solely for stakeholder consultation and are available in the public domain on the CERC website.
The company confirmed that the current draft notification is a continuation of earlier directions issued by CERC. Earlier, CERC, through a Su-Moto Order dated July 23, 2025, had issued directions for the implementation of Market Coupling of power exchanges in the Day-Ahead Market (DAM) segment, effective from January 2026.
In responding to market queries regarding the nature of the draft regulations, IEX made several key clarifications:
- Nature of the Draft: The draft regulations are explicitly stated to be part of a regulatory consultative exercise initiated by the regulator, and are not the outcome of any negotiations, arrangements, or private events.
- Undisclosed Information: IEX confirmed it is not aware of any information or event that has not been disclosed to the Stock Exchanges and which could explain the recent movement in share trading.
- Market Movement: The company suggested that the movement in the share price appears to be market-driven, based on publicly available information, including the draft regulations themselves.
- Final Status: The draft notification is subject to rigorous stakeholder consultation and review, and the final regulations and notifications will be determined by CERC after completing this consultative process.
IEX maintained that it is committed to ensuring the timely and accurate disclosure of all material developments.
IEX Stock Price Movement
Today, Indian Energy Exchange Limited shares slipped by 8.14% to settle at ₹124.99. The stock saw considerable activity in after-hours trading, executing a total volume of 37.71 million shares.Source:
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