Indian Energy Exchange (IEX) is an electronic power trading exchange in India.IEX is not a power generator; it is a leading electronic marketplace enabling the buying and selling of electricity and related certificates in India’s power sector.
What’s behind the fall?
- The Central Electricity Regulatory Commission (CERC) approved a phased rollout of market coupling starting January 2026 (Market Coupling means It’s a system where all buy and sell bids from different power exchanges)
- This move aims to create a uniform electricity price across all power exchanges by pooling bids and clearing them centrally
- IEX, which currently dominates the Day-Ahead Market (DAM) and Real-Time Market (RTM), will lose its exclusive price discovery role, impacting its market share and revenue model
The timing of the announcement—just ahead of IEX’s Q1FY26 results—added to uncertainty
There has been a notable decline in retail investor shareholding, dropping from 39.25% in March 2024 to 29.42% in June 2025, signaling loss of confidence among small investors,while mutual funds and FPIs have increased their stake
Stock hit its lower circuit at ₹150., down from ₹187.85 the previous day
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