India, April 22 -- Power regulator CERC has proposed that Grid Controller of India Ltd (Grid India) function as market coupling operator (MCO), in a bid to establish uniform price discovery across all power exchanges.

As a Market Coupling Operator, Grid India will be responsible for aggregating bids for each market segment received across all Power Exchanges and ensuring an efficient price discovery.

CERC brought out the draft Central Electricity Regulatory Commission (Power Market) (Second Amendment) Regulations, 2026, earlier this month.

For the implementation of Market Coupling, Grid India will form a separate cell for discharging the functions of MCO.

Market Coupling shall apply to the Day-Ahead Market (DAM), Real-Time Market (RTM...