Home India REC Market Trade Report -June 2016
REC Market Trade Report -June 2016

REC Market Trade Report -June 2016

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A total of 3.86 lacs RECs were traded in the REC trading session held on 29 th June, 2016 at IEX. The market saw 264% increase in trade over 1.06 lacs RECs traded in May’16. In the same month last year, 1.51 lacs RECs were traded, about 39% of RECs traded in June’16. The change in market dynamics over the previous month was mainly on account of purchase by Captive Power Producers towards meeting their RPO compliance for FY 2015-16.

The key details of this trading session are as below:

 Non-solar segment: Total buy bids were 3,50,362 and total sell bids were 87,45,523. All buy bids were cleared at floor price of Rs 1,500 per REC.

 Solar segment: Total buy bids were 35,649 and total sell bids were 28,69,142. All buy bids were cleared at floor price of Rs 3,500 per REC. In the first quarter of fiscal 2016-17, IEX has traded 7.53 lacs RECs, an increase of over 54% over 4.88 lacs RECs traded in the first quarter of fiscal 2015-16. Participants: A total of 1,466 participants traded at IEX with 941 participants in non-solar segment and 525 participants in the solar segment. On an overall basis, a total of 3,192 participants are registered in the REC segment at IEX. Of this, 831 are Eligible Entities (RE Generators) 2,344 are Obligated Entities (DISCOMs, Open Access Consumers & Captive Generators) and 17 are registered as Voluntary Entities.

PXIL successfully conducted REC trading for the month of June 2016.The total cleared volume on the exchange was 82,430 RECs that led to PXIL having a MarketShare of 17.5 %. In this month clearing ratio was 1.61 % due to low 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 1.70 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.

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Anand Gupta Editor - EQ Int'l Media Network

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