Not that straightforward but let’s speculate a step deeper
So basically the MBED means Market Based Economic Dispatch. This is a proposal to have a centralized clearinghouse that will sort all the sources of power and dispatch the lowest-cost ones, thereby lowering the cost of average power nationally. But this would theoretically impinge on the Electricity Act and independence of state-owned discoms. Now with a weaker Government at the center with a coalition with the state-level regional players, this issue of market coupling can become a contentious issue and with the dynamic of power shifting towards the state government and regional players they can dictate the center on multiple issues including this issue as well. So I don’t think that the loss of RK singh will impact market coupling, but dependence on the regional parties running state governments can.
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