Due to the potential rise in competition, the overall volume contribution of the Day-Ahead Market has already started to decline for IEX, according to its Joint Managing Director Rohit Bajaj, who mentioned this to CNBC-TV18 during the interaction.
1 / 7Indian Energy Exchange (IEX) shares are staging a rebound on Friday, July 25, gaining as much as 12% after witnessing its biggest single-day drop on record a day earlier. The company’s joint Managing Director Rohit Bajaj, spoke to CNBC-TV18 where he answered questions pertaining to market coupling and the impact on the business. Here are seven key takeaways from that interaction.
2 / 7Bajaj told CNBC-TV18 that it is too early to say whether the CERC order on market coupling will be challenged in the court of law. IEX had mentioned that they are still assessing the order.
3 / 7The IEX Joint MD also said that coupling in the Real-time markets will be done at a later stage and that the current process trial is only for the Day-Ahead Market (DAM).
4 / 7However, Bajaj did acknowledge that there will certainly be an impact on IEX’s business due to the market coupling order.
5 / 7Due to the potential rise in competition, the overall volume contribution of the Day-Ahead Market has already started to decline for IEX, according to Bajaj, who mentioned this to CNBC-TV18 during the interaction.
6 / 7While Bajaj acknowledged that the market coupling order will have an impact on the business, he refrained from quantifying the expected drop in volumes when the norms take effect from January 2026, saying its too difficult to do so.
7 / 7Lastly, Bajaj mentioned that in case there is a rise in competition, IEX will have to bring down transaction charges to remain competitive in the market.
