Adverse market coupling ruling
If APTEL rules against IEX, market coupling could be implemented, potentially reducing IEX's market share and pricing power.
IEX / Q3-FY26 / risks
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Indian Energy Exchange · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
REC volume decline due to alternative compliance
CERC's proposal allowing entities to deposit money instead of buying RECs could reduce REC demand and volumes.
Power demand growth slowdown
Subdued power demand growth due to weather and agricultural factors may limit volume growth despite optimization opportunities.