'Market coupling' mechanism to foster competiton in power trading, says PXIL
The Power Exchange India Limited (PXIL), promoted by NSE and NCDEX, has welcomed the proposed 'market coupling' mechanism in electricity trading on exchanges. The draft Power Market Regulations 2020 issued by the Central Electricity Regulatory Commission (CERC) has mooted a concept called 'market coupling', which means a uniform market clearing price for buyers and sellers in all exchanges operating in an area.
India has two operational power exchanges -- the Indian Energy Exchange (IEX), which commands around 95 per cent market share, and PXIL.
