IEX share price jumps 13% after tribunal remarks on market coupling — what investors are watching
Shares of Indian Energy Exchange jumped as much as 13% on Tuesday after an electricity tribunal hearing on market-coupling rules that could reshape how power prices are set on exchanges. The Appellate Tribunal for Electricity questioned the process behind the rules, and IEX said the coupling order should be scrapped even without the securities regulator’s insider-trading findings, Moneycontrol reported, citing CNBC-TV18. The case matters now because “market coupling” would pool buy and sell bids across exchanges to publish a single market-clearing price, narrowing the advantage of the dominant venue in attracting liquidity. For IEX, the shift goes to the heart of its business model: being the main platform where power prices are discovered.
