Synopsis:- Shares of a power exchange company rose up to 4% after a new framework for carbon credit trading was introduced. The platform also reported 12,550 MU traded electricity in February 2026, reflecting 30.4% YoY growth, with strong activity in both day-ahead and real-time markets.
The shares of the power exchange company jumped up to 4 percent in today’s trading session from an intraday low after the Central Electricity Regulatory Commission (CERC) announced a regulatory framework for governing the purchase and sale of carbon credit certificates (CCCs).
With a market capitalization of Rs 11,103.06 crore, the shares of Indian Energy Exchange Ltd were trading at Rs 123.55 per share, increasing around 2.07 percent as compared to the previous closing price of Rs 121.05 apiece.
Business Update
The shares of Indian Energy Exchange (IEX) have seen positive movement after the Central Electricity Regulatory Commission introduced a regulatory framework for trading carbon credit certificates (CCCs). The framework establishes power exchanges as the main platforms for CCC trading, creating separate compliance and offset markets for obligated as well as non-obligated participants.
Meanwhile, the Grid Controller of India will act as the registry for these certificates, while the Bureau of Energy Efficiency will oversee administration, procedures, and market information dissemination. This regulatory clarity is expected to strengthen the carbon trading ecosystem and could be a long-term positive for IEX and other power exchanges.
Business Update
Recently, the company reported a strong performance in February 2026, with electricity traded volume reaching 12,550 MU, reflecting a 30.4% year-on-year growth. The Day-Ahead Market recorded 6,588 MU, up 22.7%, while the Real-Time Market surged 51.7% YoY to 4,379 MU. Additionally, the exchange achieved its highest daily average electricity volume of 448 MU during the month.
Meanwhile, despite rising power consumption of 133 BUs in India, electricity prices declined due to higher supply liquidity on exchanges. The average Day-Ahead Market price fell 18.3% YoY to Rs 3.58 per unit, while Real-Time Market prices dropped 18.7% to Rs 3.59. Consequently, lower prices enabled discoms and industrial consumers to procure power at more competitive rates.
Dismissal of Plea
Earlier, APTEL dismissed its petition challenging CERC’s market coupling direction. The tribunal permitted CERC to proceed with framing regulations, while allowing the company to file a fresh plea if new grievances arise. The development has raised concerns over potential regulatory changes impacting market structure and trading volumes.
Additionally, CERC filed its final affidavit before APTEL in the market coupling case, describing IEX as monopolistic and alleging that its plea aimed to preserve entrenched market power through litigation. The regulator argued that the appeal was not maintainable since it challenged a “direction” rather than a formal order.
Financial highlights
The company reported a 9% year-on-year rise in revenue from Rs 131 crore in Q3FY25 to Rs 144 crore in Q3FY26. Net profit increased 12% from Rs 103 crore to Rs 115 crore. The consistent growth in both topline and bottom line highlights steady operational performance and improving earnings momentum during the quarter.
Between Dec 2024 and Dec 2025, operating performance remained robust. Operating profit moved from Rs 113 crore in Dec 2024 to Rs 120 crore in Dec 2025, after touching Rs 122 crore in Mar 2025, Rs 114 crore in Jun 2025, and peaking at Rs 132 crore in Sep 2025. OPM stayed strong between 84% to 87%, respectively.
Indian Energy Exchange Limited is India’s leading electronic power trading platform, facilitating transparent and efficient trading of electricity, renewable energy certificates, and related products. Established to modernize India’s power market, it connects generators, distribution companies, and consumers nationwide, enabling competitive price discovery and improved grid management.
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