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REC Market Trade Report -Oct2015


The REC Market sessionat  IEX heldon 28th  October,  2015witnessed trade  of  80,608  RECs –68,663N-Solar  and 11,945Solar RECs.

In the non-solar segment, total buy bids were 68,663and total sell bids were 73,25,684. All the buy bids were cleared at floor price of Rs 1,500 per REC.

In  the  solar  segment,  total  buy  bids were 11,945RECs and  sell  bids  were 22,21,069RECs.All  buy  bids were cleared at floor price of Rs 3,500 per REC.

REC  trade  this  month  saw a  decrease  of  over48% overthe previous  month  when  a  total  of 1.56lacsRECs  were traded.


Atotal of 1,033 participants traded  at IEXwith 702participantsin  non-solar  segment and 331participantsin  the solarsegment.On an overall basis,a total of 2,561participants are registered intheREC segment at IEX. Of this,784are Eligible Entities  (RE  Generators) 1,764are  Obligated  Entities(DISCOMs,  Open  Access  Consumers  &  Captive  Generators)and13are registered as Voluntary Entities.


PXIL successfully conducted REC trading for the month of October 2015. The total cleared volume on the exchange was 1, 44,685 RECs that led to PXIL having a Market Share of 64.22%. In this month clearing ratio was 2.04 % due to low demand side participation. During this trading session, the prices in the solar and non-solar categories haveremained at the floor level.Prior to today’s auction more than 1.7 Crore RECs were available in the market for trade;however the traded volume is low on account of non-fulfillment of RPO compliance by majorutilities. The traded volumes are expected to increase in the coming months as many obligatedentities would start purchasing REC’s to meet their RPO targets.

Anand Gupta Editor - EQ Int'l Media Network


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