
IEX Shares Plummet: Market Coupling Impact Explained
Indian Energy Exchange (IEX) saw its shares plummet nearly 30% after the Central Electricity Regulatory Commission announced market coupling set for January 2026. This change threatens IEX's competitive edge, as transaction income forms over 70% of its total revenue. Analysts warn of significant revenue and profit declines, predicting a potential 40-50% drop in earnings. The new structure will unify price discovery across power exchanges, diminishing IEX's historical dominance. Investors are cautious, waiting to see how competitors react, leading to uncertainty in the stock's future.