Market Coupling is a system where buy and sell bids from all power exchanges across the country are combined and matched to determine a unified Market Cleaning price (MCP).
The Government is Advocating For Market Coupling to Substantially boost the share of Power Exchanges in Electricity(IEX) Trading.
Shares of the Electricity Trading Platform IEX saw a sharp decline from their 52-week highs following reports that the Government Plans to Implement market Coupling for Power Exchange.
Market Coupling is a System where buy and sell bids from all Power Exchanges in India are Consolidated and Matched to establish a Uniform Market Cleaning Price (MCP).
IEX SHARE CRASH 📉
— Vishal Susheel (Vizu Stock Market Hints) (@vishal_susheel) September 24, 2024
– REASON: NEGATIVE NEWS
– MAJOR SUPPORT: 200
– STOCK STILL BULLISH
– MAJOR RESISTANCE: 241
– CLOSING ABOVE 241 WILL LEAD TO A RALLY AGAIN
– TARGET: 260 IF SUSTAINS ABOVE 241
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The Power Ministry Has asked the Grid Controller of India (Grid- India) to ensure the timely Completion of the pilot study, According to a report by Business News Channel ET NOW, Citing Sources familiar with the matter.