The tribunal, listening to the contentious market coupling rules proposed by the Central Electrical energy Regulatory Fee (CERC), raised a number of issues throughout the listening to, questioning how the market coupling guidelines had been formulated. APTEL remarked that CERC ought to have acted independently whereas drafting the framework.
It additionally pointed to extreme theatrics noticed within the formulation course of and emphasised the necessity for CERC to take care of independence and stay above suspicion.
In keeping with CNBC TV-18, the sharp upward transfer in IEX shares adopted developments within the ongoing authorized proceedings. APTEL has set January 9 as the subsequent date for the listening to after counsel sought further time.
Reviews additionally counsel that the tribunal knowledgeable CERC that if it indicators a possible withdrawal of the order, the case could be closed by Friday.
On Monday, the ability alternate additionally shared its third quarter enterprise updates for FY26. Indian Power Trade, the nation’s main electrical energy buying and selling platform, recorded an electrical energy traded quantity of 34.08 billion items (excluding TRAS) within the third quarter of FY26, reflecting a year-on-year progress of 11.9%.
Within the third quarter of the present monetary yr, improved provide from hydro and wind sources, together with regular coal-based era, enhanced provide liquidity on the alternate platform. This contributed to a big discount in costs throughout key market segments.The Market Clearing Worth within the Day-Forward Market stood at Rs 3.22 per unit in Q3 FY26, registering a 13.2% decline from the identical quarter final yr. Likewise, the Actual-Time Market Clearing Worth dropped to Rs 3.26 per unit, down 11.6% year-on-year.
IEX ended Tuesday’s session at Rs 146.80 on the BSE, larger by 9.3%.
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(Disclaimer: Suggestions, strategies, views and opinions given by the consultants are their very own. These don’t symbolize the views of The Financial Occasions)
