India's Electricity Market to Undergo Transformation

India is changing how it trades electricity.

The CERC approved 'market coupling,' meaning all electricity trading platforms will now combine bids in one place.

This aims to make trading fairer, and make the best use of resources.

Before, exchanges like IEX had their own systems, but this new approach will have one central operator.

While it's expected to lower prices and improve grid management, it might make it harder for existing exchanges to make money.

This move follows a similar, successful model used in Europe.