The CERC has recently released the staff paper on Market Coupling, which discusses the regulatory provisions for market coupling, international experience, the objectives of market coupling in India, the issues and challenges in the implementation of market coupling, and the key points for discussion.
The enabling provisions for Market Coupling have already been provided by the Commission in the CERC (Power Market) Regulations 2021. To study the readiness of the market and gauge the prerequisites for a smooth transition towards market coupling, the CERC has discussed some of the key issues in the implementation of market coupling and invited stakeholders’ comments on designing the framework for the implementation of market coupling. Stakeholders have to submit their responses by September 30, 2023.