The stock of Indian Energy Exchange Limited fell by up to 6 per cent on Monday. This is because the fear of market coupling has once again emerged, which is affecting the stock.

Actually, Power Secretary Pankaj Agarwal has given a statement on Market Coupling. He has said that work on market coupling is going on. Agarwal did not share any further details about the timeline as to when market coupling will be implemented.

The shares (IEX Share Price) of IEX, a company owned by the Government of India, have fallen by about 2.33% in the last 5 days. The stock has fallen by 11.28% in 1 month, while it has gained 45.10% in 1 year.

According to IEX's September business update, the total volume of IEX has increased by 24% to 11,370 MU on an annual basis. Similarly, electricity volume has increased by 21% to 10,332 MU on an annual basis. Renewable Energy Certificate (REC) has increased by 100% to 1,031 MU. The market clearing price in the Day-Ahead Market (DAM) has decreased by 33% to Rs 4.18 per unit.

Analysts at Elara Securities said if market coupling is implemented, IEX's market share could decline to 70 per cent from the current 84 per cent by FY27.

The Ministry of Power launched the National Electricity Plan 2023-32 to meet the growing electricity demand in India. Electricity demand is expected to surpass 425 GW by 2030, and is projected to reach 458 GW by 2032. The transmission line capacity will be increased by 6.48 lakh circuit km by 2032.