Mumbai, Jan. 9 -- The tribunal was hearing IEX's plea seeking the withdrawal of the Central Electricity Regulatory Commission's (CERC) July 2025 direction on day-ahead market (DAM) coupling.

Market coupling is an economic model used in energy markets to create a single, uniform price for electricity across different trading platforms or exchanges, diluting IEX's dominant position.

At the scheduled hearing on 9 January 2026, APTEL concluded proceedings for the day and deferred further hearing in the market coupling case to Monday, 19 January 2026.

Ahead of the hearing, CERC issued a circular clarifying that its July 2025 communication should be treated as a "direction" rather than an "order." In its petition, IEX has argued that the CER...