Market coupling eroding market share
CERC order to couple day-ahead markets by Feb 2026 could reduce IEX's near-100% market share in DAM, as competitors may gain volume.
Indian Energy Exchange · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
CERC order to couple day-ahead markets by Feb 2026 could reduce IEX's near-100% market share in DAM, as competitors may gain volume.
Analyst raised possibility of rivals cutting fees to gain share; management deflected, saying they will 'deal with it when we reach there'.
Management noted many operational aspects (common software, settlement) need resolution; timeline may slip, creating uncertainty.