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

REC Market Trade Report -May 2016

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A total of 1.06 lacs RECs were traded in the REC market trading session held on 25th May, 2016 at IEX. The number of RECs traded in May’16 is 64% less as compared to same month last year. The key details of this trading session are as below:  Non-solar segment: Total buy bids were 88,923 and total sell bids were 76,88,639. All buy bids were cleared at floor price of Rs 1,500 per REC.  Solar segment: Total buy bids were 17,113 and total sell bids were 28,01,352. All buy bids were cleared at floor price of Rs 3,500 per REC. Participants: A total of 1,312 participants traded at IEX with 830 participants in non-solar segment and 482 participants in the solar segment. On an overall basis, a total of 3,170 participants are registered in the REC segment at IEX. Of this, 841 are Eligible Entities (RE Generators) 2,316 are Obligated Entities (DISCOMs, Open Access Consumers & Captive Generators) and 13 are registered as Voluntary Entities.

May2016

PXIL successfully conducted REC trading for the month of May 2016. The total cleared volume on the exchange was 75,905 RECs that led to PXIL having a Market Share of 41.7 %. In this month clearing ratio was 1.25 % 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 1.72 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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