Now Reading: Supreme Court rejects IEX challenge to power market coupling
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Supreme Court rejects IEX challenge to power market coupling
The Supreme Court on Monday dismissed Indian Energy Exchange’s appeal against the Central Electricity Regulatory Commission’s order to implement market coupling in the day-ahead power market. The bench of Justices PS Narasimha…
The Story in Brief
The Supreme Court on Monday dismissed Indian Energy Exchange’s appeal against the Central Electricity Regulatory Commission’s order to implement market coupling in the day-ahead power market. The bench of Justices PS Narasimha and Alok Aradhe declined to interfere with the Appellate Tribunal for Electricity’s February 13 order allowing the process to move ahead.
Market coupling would combine buy and sell orders across power exchanges for price discovery. CERC told the court that norms, including the coupling framework, would be issued within four to six weeks. The court expressed no view on the merits while the norms remain in draft form, and kept legal questions open. IEX had argued that the July 2025 order would reduce its market share.
The Indian Opinion
The loudest versions of this dispute will portray either IEX as defending competition or CERC as protecting a rival exchange. Both claims run ahead of the record. The real test is whether coupling produces better price discovery without weakening trading reliability or consumer choice. Once the final framework is issued, exchanges and users should compare prices, volumes and execution quality before declaring a winner.
Source: legal.economictimes.indiatimes.com
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