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Central Electricity Regulatory Commission has enabled the creation of a market coupling operator. The same, if implemented, can have massive ramifications on Indian Energy Exchange Ltd. and threaten the company’s liquidity advantage.
We await details on its implementation (if it indeed does go ahead).
The above regulations, in its current form, are only an enabling provision. The implementation of –
1. market coupling, and
2. assignment of a market coupling operator will have to come into effect through separate regulations. The same can usher in another round of discussions among stakeholders.
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