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REC Market Trade Report -Sep 2016

REC Market Trade Report -Sep 2016


PXIL successfully conducted REC trading for the month of September 2016. The total cleared volume on the exchange was 1,00,768 RECs that led to PXIL having a Market Share of 48.6%. In this month clearing ratio was 1.3% due to low demand side participation. During this trading session, the prices in the solar and non-solar categories have remained at floor level.

Prior to today’s auction more than 1.67 Crore RECs were available in the market for trade, however the clearance ratio is low as large obligated entities like distribution utilities did not participate in today’s monthly auction. The traded volume and clearance ratio is expected to increase from third quarter of the year when large obligated entities purchase RECs to meet their RPO target for the year.


A total of 1.06 lacs RECs were traded in the REC trading session held on 28th September, 2016 at IEX.

The key details of this trading session are as below:

Non-solar segment: Total Buy bids – 91,355; Total Sell bids – 67,14,750. All buy bids were cleared at floor price of Rs 1,500 per REC.

Solar segment: Total Buy bids – 15,126; Total Sell bids – 18,81,110. All buy bids were cleared at floor price of Rs 3,500 per REC. The purchase this month is mainly on account of obligated captive power and open access consumers. Over the last 6 months of this fiscal, IEX has traded 11.81 lacs RECs, an increase of over 35% over 8.73 lacs RECs traded in the same period of previous fiscal. Participants: A total of 1,283 participants traded at IEX with 819 participants in non-solar segment and 464 participants in the solar segment. Overall, a total of 3,328 participants are registered in the REC segment at IEX. Of this, 846 are Eligible Entities (RE Generators) 2,465 are Obligated Entities (DISCOMs, Open Access Consumers & Captive Generators) and 17 are registered as Voluntary Entities.


Anand Gupta Editor - EQ Int'l Media Network


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