The January trade continued the trend at high MCP of Rs 2,400 for solar RECs on both the exchanges while it also crossed the INR 2,000 trend for Non-solar on both IEX & PXIL almost after eight years. With the Financial Year 2019-2020 coming to an end, the demand for solar and Non-solar increased on both IEX & PXIL.
Non-Solar: non-solar RECs traded at the price of INR 2200 at IEX (120% above the floor price) INR 2100 PXIL (110% above the floor price). A total of 494,484 RECs were traded in this session.
Solar: The total number of solar RECs traded in this session was 76,220 at INR 2,400 at both IEX and PXIL (140% above the floor price)
The overall trade volume (570,704 RECs) increased by almost 13% from the last months’ trade volume (504,608 RECs).