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REC Market Trade Report -Oct 2016

REC Market Trade Report -Oct 2016


PXIL successfully conducted REC trading for the month of October 2016. The total cleared volume on the exchange was 113,724 RECs that resulted in PXIL gaining a market share of 39%. In this month clearing ratio increased to 1.87% from 1.3% in sep-2016, due to 13% increase in demand when compared to the previous month. 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 1.76 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 further in the remaining five (5) monthly sessions of the year when large obligated entities purchase RECs to meet their RPO target for the year.


A total of 1.77 lacs RECs were traded in the REC trading session held on 26th October, 2016 at IEX.

The key details of this trading session are as below:

 Non-solar segment: Total Buy bids – 1,57,273; Total Sell bids – 82,69,834. All buy bids were cleared at floor price of Rs 1,500 per REC.

 Solar segment: Total Buy bids – 19,932; Total Sell bids – 23,00,940. All buy bids were cleared at floor price of Rs 3,500 per REC. In 7 months of this financial year (Apr’16 – Oct’16), REC trade volume at IEX is 13.59 lacs (Non Solar: 12.02 lacs, Solar: 1.57 lacs) which is 42% higher than 9.54 lacs RECs (Non-Solar: 7.80 lacs, Solar: 1.74 lacs) in the same period last year.

Participants: A total of 1,324 participants traded at IEX with 847 participants in non-solar segment and 477 participants in the solar segment. Overall, a total of 3,338 participants are registered in the REC segment at IEX. Of this, 848 are Eligible Entities (RE Generators) 2,473 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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