CERC · Court order · 27 July 2026 · IEX v. CERC

Supreme Court declines stay on CERC's market-coupling rule-making

The Supreme Court refused IEX's request for an interim stay on CERC's market-coupling process but admitted the appeal for a hearing on merits, letting CERC proceed with the regulations.

Why it matters. Clears the way for a single price across exchanges, the biggest change to India's power market design since exchanges began.

What changes

No interim stay: CERC may continue framing market-coupling regulations.
The appeal is admitted and will be heard on its legal merits.
CERC told the Court it would issue the norms shortly.
Affected parties can challenge the final regulations after they are notified.
IEX argues that coupling pools prices across exchanges and weakens competition between them.

Who is affected

Power exchanges · Grid-India · Traders · Discoms · Generators

Supreme Court order not yet found on sci.gov.in; reports differ on whether the order is dated 27 Jul or 3 Aug 2026.

Sources

Last checked 11 October 2026. Summary for information; rely on the official gazette text.

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