IEX Share Price in Focus Today: Why APTEL Hearing On Power Market Coupling Can Be A Game Changer?

IEX Share Price Today: Shares of Indian Energy Exchange (IEX) Limited will remain in focus on Friday, January 9, as the Electricity Apellate Tribunal (APTEL) is set to hear the market coupling case today.

The market coupling hearing will be closely tracked by investors as its verdict can be a game changer IEX business and future growth. IEX shares closed 3% lower at Rs 150.1 per share on BSE with a market capitalisation of Rs 13,489.03 crore on Thursday, January 8. IEX share price has surged sharply over the past few trading sessions, driven by expectations that the APTEL hearing in the market coupling case may go in the company's favour.

IEX Share Price In Focus As APTEL Hearing Today: What To Expect?

The last hearing of IEX shares was held on Tuesday, January 6. During the hearing, the Central Electricity Regulatory Commission (CERC) told the Electricity Appellate Tribunal (APTEL), that they are ready to take instructions from the tribunal to withdraw the norms issued in July 2025, according to a CNBC TV 18 report. During the next hearing, scheduled to take place at 10 am on Friday, CERC is likely to present its observations regarding the market coupling order released in July 2025.

What Is The IEX Market Coupling Case All About?

IEX, which is one of India's largest electronic power trading platform, has challenged CERC order related to the implementation of market coupling with APTEL. The tribunal is hearing the case.

What Is The Market Coupling Order?

In July last year, the CERC, had implemented an order to harmonise electricity markets across different power exchanges. IEX filed a petition at APTEL to challenge the order claiming that the regulation was poorly formulated, lacked transparency and has the potential to jeopardise IEX's business.

What to Expect From IEX Market Coupling Hearing Today?

During the last hearing, the CERC reportedly agreed to withdraw the order released in July 2025. Hence, APTEL told CERC that if it agrees about the potential withdrawal then the tribunal will close the case on Friday itself. During the hearing, IEX, reiterated that the CERC's coupling order was wrong and appealed to put the order aside.

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