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.