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REC Market Trade Report -July 2016

REC Market Trade Report -July 2016


A total of 1.63 lacs RECs were traded in the REC trading session held on 27 th July, 2016 at IEX. The market saw about 31% increase in trade over 1.25 lacs RECs traded in the same month last year.

The key details of this trading session are as below:

 Non-solar segment: Total Buy bids – 1,39,250; Total Sell bids – 72,87,207. All buy bids were cleared at floor price of Rs 1,500 per REC.

 Solar segment: Total Buy bids – 23,944; Total Sell bids – 20,36,891. All buy bids were cleared at floor price of Rs 3,500 per REC.

The buy bids are mostly from obligated captive power and open access consumers. Participants: A total of 1,518 participants traded at IEX with 953 participants in non-solar segment and 565 participants in the solar segment. On an overall basis, a total of 3,257 participants are registered in the REC segment at IEX. Of this, 841 are Eligible Entities (RE Generators) 2,399 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 July 2016. The total cleared volume on the exchange was 109,786 RECs that led to PXIL having a Market Share of 40.21 %. In this month clearing ratio was 1.52 % 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 1.71 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


Anand Gupta Editor - EQ Int'l Media Network


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