indian energy exchange market coupling
Indian Energy Exchange (IEX), the largest energy exchange in the country, announced a net profit of ₹121 crore for the first quarter of the current financial year on Thursday, July 24, reflecting a 26% increase from ₹96 crore during the equivalent period last year.
Its operational revenue during the April-June timeframe increased by 15% to ₹142 crore, compared to ₹124 crore in the same period last year.
In the first quarter, electricity volumes increased by 15% to 32.4 billion units, and the company traded 52.7 lakh renewable energy certificates, an annual rise of 149%.
India achieved its peak summer electricity demand of 242 GW in the first quarter, supported by various proactive government actions, despite Q1 FY26 electricity usage dropping 1.3% YoY to 446 billion units (BUs) because of cooler conditions resulting from early monsoons and unseasonable rains, as stated by IEX in a press release.
The Ministry of Power extended Section 11 of the Electricity Act, requiring imported coal power plants to operate at maximum capacity until the end of June. Moreover, gas-fired power stations were brought online and local coal production was increased to guarantee uninterrupted power supply. IEX stated that these measures prevented shortages, even though previous projections indicated an unprecedented peak demand of 277 GW.
In terms of fuel, coal output remained at 247 million tonnes, relatively stable compared to the previous year, while coal stockpiles increased to a strong 25 days by mid-July — indicating a secure fuel stance for the industry.
Enhanced availability from hydro, wind, and coal sources also increased liquidity on electricity markets. In the Day-Ahead Market (DAM), liquidity increased by 45.2% year-over-year, contributing to a 16% decline in average prices YoY to ₹4.41/unit. IEX reported that the Real-Time Market (RTM) experienced a 20% decline in average prices, reaching ₹3.91/unit in Q1FY26.
The Indian Gas Exchange (IGX) achieved a significant quarter, doubling its traded volume to 24.6 million MMBtu, reflecting a 109% increase year-over-year, fueled by increased demand from oil marketing firms and city gas distributors.
In terms of sustainability, the International Carbon Exchange (ICX), fully owned by IEX, issued more than 44 lakh International Renewable Energy Certificates (I-RECs) in the first quarter of FY26.
Also explore: What is market coupling, and how is it transforming IEX?
IEX stocks plummeted 28% to finish at ₹135.49 on the NSE after the Central Electricity Regulatory Commission (CERC) announced on Wednesday its plan to start implementing market coupling for electricity trading gradually from January 2026.
Market coupling is an economic approach utilized in energy markets to establish a consistent, uniform price for electricity across various trading platforms or exchanges.
The regulator’s action seeks to enhance price determination and system effectiveness.
The Central Electricity Regulatory Commission (CERC) stated in an order that the day-ahead market section of all power exchanges will be linked through a unified system.
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link……….https://upstox.com/news/market-news/earnings/indian-energy-exchange-iex-q1-results-net-profit-rises-26-to-121-crore-revenue-advances-15/article-178635/
link……https://www.livemint.com/market/stock-market-news/iex-share-price-jumps-over-12-despite-stock-market-crash-heres-why-11753416436061.html
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