IEX shares declined ahead of a meeting on market coupling. Discussions may clarify the benefits of this approach, which aims to standardize electricity pricing across exchanges. A government report suggested a shadow pilot study for market coupling, pending software development.
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IEX share price: The shares of Indian Energy Exchange (IEX) dipped before the meeting of the power minister with stakeholders regarding market coupling scheduled for Wednesday. Power Minister Manohar Lal may hold discussions with stakeholders about this topic to inform them of the advantages of market coupling, sources within the government have shared with CNBC-TV18, according to their report.
As reported, sources informed CNBC-TV18 that any future market coupling will occur via a broad bid rather than through internal bidding. Market coupling refers to the consolidation and alignment of buy and sell bids from power exchanges aimed at establishing a uniform price for electricity trading across these exchanges.
On February 21, 2025, Power Secretary Pankaj Agarwal said the Ministry and the Central Electricity Regulatory Commission (CERC) are reviewing a report from the Grid Controller of India about market coupling for power exchanges.
Last year, on September 25, a government official told CNBC-TV18 that market coupling for power exchanges was being discussed. The official confirmed it would happen but didn’t share a timeline.
In February 2024, a CERC report stated that more research is needed before starting market coupling. It mentioned a four-month test run would begin once the Grid Controller of India creates the necessary software. The Grid Controller was asked to finish the test quickly after checking all technical details.
IEX Share Price Update
The finance card above shows the latest IEX share price details. On June 11, 2025, IEX shares opened at $2.23 (₹211.85) on the BSE, reaching a high of $2.26 (₹214.20) and a low of $1.99 (₹188.50). Rajesh Bhosale, an analyst at Angel One, noted a sharp 7% drop in the stock price, erasing gains from the past month. He predicts the price could fall further, with support at $1.93 (₹182) and resistance at $2.17 (₹205).
