SUPREME COURT CLEARS PATH FOR CERC'S POWER MARKET-COUPLING, DISMISSES IEX PLEA

India's Supreme Court has dismissed a challenge from the Indian Energy Exchange (IEX), allowing the Central Electricity Regulatory Commission (CERC) to proceed with creating market-coupling regulations. The ruling paves the way for a single national power price discovery mechanism, potentially impacting the dominance of any single exchange. This development is expected to increase competition and efficiency in the country's power trading market.