CERC Approves Market Coupling; IEX Stock Plunges on Concerns

Imagine different stores selling electricity.

Right now, the prices can vary.

The government is making a new rule called "market coupling."

This combines all the electricity sales into one big market, like one giant store.

This helps set a single price for everyone, hopefully making electricity cheaper.

Because of this change, one of the biggest electricity stores, IEX, had its stock price drop because it might not be as special anymore.

Another store, PXIL, thinks this is a good thing because it will make the market better and more fair.

This new rule is starting with the daytime electricity market and might be used for other types of electricity sales later.