Big news has come regarding the shares of IEX-Indian Energy Exchange Ltd. According to information received by CNBC TV from sources, the government has moved forward on the proposal of market coupling. It can be announced anytime. After this news, the stock fell sharply. The stock opened at Rs 240.50 on Tuesday, September 24, 2024 against the closing price of Rs 239.37. After this the stock came below Rs 215.

What is the matter of coupling- Currently 90% of power trading is done through IEX. Trading is negligible on other exchanges. After coupling, more electricity will be traded on the exchange. The business of other exchanges will also increase. There will also be an opportunity to open new power exchanges. In such a situation, the monopoly of the company will be reduced. That is why there is pressure on the stock.

After market coupling, there will be no separate price discovery in different power exchanges. All buy and sell orders on all exchanges will be combined together through MCO. MCO i.e. Market Coupling Operator will fix a price for every bidding zone. Currently, there are different buy and sell orders in different exchanges. Price discovery is different in every exchange. The process of deciding power tariff in this is quite complex. Currently, the number of price discovery in 3 power exchanges is up to 288. Decoupling will bring uniformity in the price discovery of power. Transmission lines will be used better. Trading of more electricity will be possible in power exchanges. Electricity will be available cheaper during peak hours.