CERC Clarifies Market Coupling: 'Directions' Not 'Order' for IEX & Power Sector

• CERC issued a clarification (Corrigendum) on January 8, 2026, for Petition No. 8/SM/2025 regarding market coupling.
• The clarification states that the word "Order" in the July 23, 2025 document should now be read as "Directions."
• Market coupling aims to standardize prices and enhance transparency across electricity exchanges like IEX.
• 'Order' is binding, while 'Directions' are guiding; this change reduces uncertainty for IEX and other exchanges.
• Signed by CERC Chairperson Jishnu Barua and Members Ramesh Babu V., Harish Dudani, and Ravinder Singh Dhillon.

Why It Matters: CERC's clarification on market coupling as 'Directions' provides crucial guidance, reducing market uncertainty.