IEX Shares Surge Ahead of Crucial Market Coupling Hearing

• IEX shares gained 1.5% on Friday, January 9, ahead of an Electricity Appellate Tribunal (APTEL) hearing on the market coupling case.
• The hearing addresses IEX's challenge to the Central Electricity Regulatory Commission’s (CERC) July 2025 order on day-ahead market (DAM) coupling.
• IEX contends the CERC order is arbitrary, violates natural justice, and threatens its 85% share of India’s spot power market.
• APTEL previously highlighted procedural lapses in the coupling norms' implementation and urged CERC to act independently.
• Earlier, IEX shares surged 13% after CERC indicated a potential withdrawal of the July 2025 order, which had caused a historic fall.

Why It Matters: IEX shares reacted to the upcoming APTEL hearing on the market coupling case, challenging CERC's order.