India‘s Power Ministry has requested the Central Electricity Regulatory Commission (CERC) to start the process of market coupling for all electricity exchanges. The move could potentially make prices uniform across exchanges, which currently have significant differences in trading volumes. India has three power exchanges: India Energy Exchange (IEX), Hindustan Power Exchange (HPX), and Power Exchange India (PXI), with IEX holding a market share of 99.9%. Despite this, coupling could result in other exchanges gaining market share. The move would create better transparency, uniform price discovery, and a significant reduction in the country’s power tariff. Additionally, market coupling is set to be combined with a proposed market-based economic dispatch, which will ensure that the cheapest power generating resources across the country will be supplied, providing cost savings for both consumers and distributors.
Power Ministry Requests CERC to Initiate Market Coupling Process
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