IEX Shares Plunge 4% on CERC Fee Revision Reports

• IEX shares dropped up to 4% after an Economic Times report on potential CERC transaction fee revisions.
• CERC is reportedly considering a uniform fee of ~1.5 paise per kWh per side, down from the current 2 paise per kWh per side.
• Longer duration contracts like Term-Ahead Market (TAM) could see fees reduced further to ~1.25 paise per kWh.
• Discussions are preliminary, and IEX declined to comment on the report.
• IEX stock closed down over 3.5% at ₹134.35, with a 23% year-to-date decline in 2025.

Why It Matters: IEX shares fell sharply amid reports of CERC considering a significant reduction in power exchange transaction fees.