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CERC's Draft 2026 Regulations Propose Grid India as Sole Market Coupling Operator; IEX Opposes

Target:UPSC GS-IIIMPSCSSC GATeachingPrelims HighMains MediumStatic GK Link
13 Jun 2026
~2 min
Source: Indian Express
Key Data:IEX market share over 90%CERC Regulations 2026
Bodies:CERCGrid IndiaIEXPXILHPX
Practice MCQs from today's news ▸
What This Article Covers

1.CERC's draft 2026 regulations propose Grid India as the sole Market Coupling Operator (MCO) for power trading.

2.The plan aims to unify electricity pricing across exchanges but is opposed by IEX, which holds over 90% market share.

3.Grid India supports the move but warns of a 'single point of failure' and suggests a steering committee model based on European experience.

The Big Picture
Prelims · HighMains · Medium

The Central Electricity Regulatory Commission (CERC) has proposed designating Grid India as the sole Market Coupling Operator (MCO) to establish uniform electricity prices across power exchanges. This regulatory proposal, part of the CERC (Power Market) (Second Amendment) Regulations, 2026, aims to improve market efficiency but faces opposition from the dominant exchange, IEX, over concerns of creating a single point of failure.

Exam Lens

Quick Exam Facts From News

Market Share of IEXOver 90%
CERC Draft Regulations Year2026
Number of Power Exchanges3 (IEX, PXIL, HPX)

1-Minute Revision

  • ›Market Share of IEX: Over 90%
  • ›CERC Draft Regulations Year: 2026
  • ›Target this Data: IEX's market share is over 90%.
  • ›Target this Nodal Body: Grid Controller of India (Grid India) is the proposed sole Market Coupling Operator.
  • ›Target this Legal Point: CERC (Power Market) (Second Amendment) Regulations, 2026.

Mastered this topic? Test your knowledge with a full MCQ quiz.

Practice exam-style questions, track your score, and strengthen your recall.

Q1Static LinkageEasy

Which regulatory body has issued the draft regulations proposing Grid India as the sole Market Coupling Operator?

Q2Statement-basedHard

Consider the following statements regarding the news on Market Coupling Operator (MCO):

1. The draft CERC regulations propose power exchanges to act as MCO on a rotational basis.

2. Grid India has supported its own designation as the sole MCO without any reservations.

3. Indian Energy Exchange (IEX) dominates the power trading market with over 90% share.

Which of the statements given above is/are correct?

Q3Data-centricMedium

According to the article, what is the approximate market share of the Indian Energy Exchange (IEX) in the power trading market?

Q4Application/ImpactMedium

What is the primary objective of introducing a Market Coupling mechanism in India's power sector, as per the article?

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