PXIL successfully conducted REC trading for the month of February 2016. The total cleared volume on the exchange was 4,02,629 RECs that led to PXIL having a Market Share of 59.49 %. In this month clearing ratio was 2.35 % due to increase in demand side participation from obligated entities to fulfill their RPO. During this trading session, the prices in the solar and non-solar categories have remained at the floor level.
Prior to today’s auction more than 1.76 Crore RECs were available in the market for trade; however the traded volume is low on account of non-fulfillment of RPO compliance by major utilities. We expect trading volume to increase in March session, as this would be last opportunity for all obligated entities to meet RPO target of the year.