New Delhi, April 21 -- The Central Electricity Regulatory Commission (CERC) has proposed a major overhaul of Indias electricity market, introducing a framework for a single, centrally discovered power price across exchanges through market coupling. The Draft (Power Market) (Second Amendment) Regulations, 2026, issued on April 17, aim to aggregate bids from all power exchanges to determine a uniform market clearing price, replacing the current system where exchanges independently discover prices. Grid India to lead price discovery Under the proposal, Grid Controller of India Ltd will act as the Market Coupling Operator (MCO), responsible for aggregating bids and determining prices, reported Financial Express. Price discovery shall be...