Indian Energy Exchange Limited has notified stock exchanges about a regulatory update from the Central Electricity Regulatory Commission (CERC) regarding market coupling directions. The company informed BSE Limited and National Stock Exchange of India about a corrigendum issued by CERC on January 8, 2026, which provides clarification on terminology used in earlier regulatory communications.

Regulatory Clarification Details

The CERC corrigendum addresses terminology used in a publication dated July 23, 2025, related to Petition No. 8/SM/2025 on market coupling implementation. The regulatory body has clarified that specific terms require correction for accurate interpretation.

Terminology Updates

The corrigendum specifies that the expression "Order" used in the heading and footer of the July 23, 2025 publication shall be read as "Directions". Additionally, any reference to the said publication or Petition No. 8/SM/2025 as "this order" or "order" within the petition or subsequent publications should be read as "directions".

Regulatory Framework

The market coupling directions fall under the Central Electricity Regulatory Commission (Power Market) Regulations, 2021. The CERC commission comprised Chairperson Jishnu Barua and Members Ramesh Babu V., Harish Dudani, and Ravinder Singh Dhillon when issuing the corrigendum.

Corporate Communication

Vineet Harlalka, CFO, Company Secretary & Compliance Officer of Indian Energy Exchange Limited, signed the regulatory disclosure on January 9, 2026. The company has made the corrigendum available on its website at www.iexindia.com and provided a copy of the CERC corrigendum dated January 8, 2026 as an enclosure to the stock exchange notification.

Company Background

Indian Energy Exchange Limited operates with its registered office in New Delhi and corporate office in Noida, Uttar Pradesh. The company trades on both BSE Limited under scrip code 540750 and National Stock Exchange of India under the symbol IEX.

The market coupling case involving Indian Energy Exchange has witnessed a procedural development as the Central Electricity Regulatory Commission's legal counsel seeks additional time to formulate a response on the withdrawal of the coupling order.

Legal Proceedings Update

The request for extended time indicates the intricate nature of the regulatory framework surrounding electricity market operations in India. CERC's legal team appears to require more time to prepare a comprehensive response regarding the potential withdrawal of the market coupling order that has been a subject of ongoing legal scrutiny.

Market Coupling Mechanism Context

Market coupling represents a significant mechanism in electricity trading, designed to optimize power exchange operations across different market segments. The current legal proceedings focus on the regulatory aspects of this coupling system and the implications of its potential withdrawal from the operational framework.

Regulatory Implications

The extended timeline for CERC's response suggests that the regulatory body is carefully considering the various aspects of the coupling order withdrawal. This procedural step reflects the thorough approach being taken in addressing the complex regulatory and operational issues involved in the case.

The development underscores the ongoing regulatory scrutiny in India's power exchange sector, with market participants closely monitoring the proceedings for their potential impact on electricity trading operations and market structure.