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REC Market Trade Report -Dec2015

REC Market Trade Report -Dec2015


PXIL successfully conducted REC trading for the month of December 2015. The total cleared volume on the exchange was 94,366 RECs that led to PXIL having a Market Share of 9.83%. In this month clearing ratio was 1.93 % due to low demand side participation. During this trading session, the prices in the solar and non-solar categorieshave 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. The traded volumes are expected to increase in the coming months as many obligated entities would start purchasing REC’s to meet their RPO targets.


With 8.66 lac RECs traded, the December’15 Renewable Energy Certificate (REC) trading session at IEX held on 30thDecember,  2015  recorded  the  highest  ever  trade  since  the  inception  of  the  market.  The  total  trade  volume this month is more than double of the previous highest trade of 4.24 lac RECs traded in January’15. This jump in traded volumes  can  be  attributed  to  better  RPO  compliance  with distribution  companies  purchasing  RECs  to  meet  their Renewable Purchase Obligation (RPO) compliance.The REC trading session on 30thDecember,2015 at IEX,witnessed trade of a total of 8,65,675RECs –8,06,993 N-Solar and 58,682 Solar RECs.

In the non-solar segment, total buy bids of8,06,993 and total sell bids of 97,08,928 were receivedand allthebuy bids were cleared at floor price of Rs 1,500 per REC.

In the solar segment, totalbuy bids of 58,682 RECs and sell bids of 22,42,890 RECs were received and all buy bidswere cleared at floor price of Rs3,500 per REC.

So far this year, 19.5 lacs RECs have been traded at IEX as compared to 4.3 lacs  RECs last year in the same period.This is a good sign for RE generators who will get relief in terms of revenues.

A total  of 1,296 participants traded  at IEX with 860participants in  non-solar  segment and 436 participants in  the solar segment.On an overall basis,a total of 2,630participants are registered in the REC segment at IEX. Of this,798are Eligible Entities  (RE  Generators) 1,820are  Obligated  Entities (DISCOMs,  Open  Access Consumers  &  Captive  Generators)and12are registered as Voluntary Entities.

Anand Gupta Editor - EQ Int'l Media Network


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