Home India REC Market Trade Report -Nov2015

REC Market Trade Report -Nov2015


A total of 1,30,209 RECs were traded in the REC Market session on  26th November, 2015 held at IEX. Out of this, 89,107were  N-Solar and 41,102 were Solar RECs.

  • In the non-solar segment, total buy bids were 89,107 and total sell bids were 61,76,983. All the buy bids were cleared at floor price of Rs 1,500 per REC.
  • In  the  solar segment,  total  buy  bids were 41,102 RECs and  sell  bids  were 19,76,072RECs.  All  buy  bids were cleared at floor price of Rs 3,500 per REC.

The  trade  this  month  saw an  increase of  over61% over the previous  month  when  a  total  of 80,608RECs  were traded.Moreover, the volume traded this month increased by about 40%as compared to November’14 when only 93,345RECs  were  traded.With  fiscal  2016  coming  to  an  end,  the  distribution  companies  have  come  forward  to meet their Renewable Purchase Obligation (RPO) compliance by purchasing RECs.

A total  of 1,056participants traded  at IEX with 706participantsin  non-solar  segment and 350participantsin  the solar segment.On an overall basis,a total of 2,595participants are registered intheREC segment at IEX. Of this,791are Eligible Entities  (RE  Generators) 1,791are  Obligated  Entities (DISCOMs,  Open  Access Consumers  &  Captive  Generators) and 13are registered as Voluntary Entities.


PXIL  successfully  conducted  REC  trading  for  the  month  of November2015. The total cleared volume on the exchange was 1,89,103RECs that led to PXIL having  a  Market  Share of59.2 %. In  this  month  clearing  ratio was2.21%due  to increase  in demand  side  participation.  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  than1.74CroreRECs  were available  in  the  market  for trade;however  the  traded  volume is  low on  account  of  non  fulfillment  of  RPO  compliance  by  major utilities. The traded volumes are expected to increase in the remaining four months of financial year as many obligated entities would start purchasing REC’s to meet their RPO targets.


Anand Gupta Editor - EQ Int'l Media Network


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