REC Market Trade Report -APRIL 2016

A total of 2.61 lacs RECs were traded in the REC market trading session held at IEX on 27 April, 2016. With April being the first month of FY 2016-17 annual compliance period, the market made a good start since same time last year only about 45,000 RECs were traded. Several Obligated Entities who purchased RECs in this trading session are essentially fulfilling their RPO compliance for FY 15-16. The key details of this trading session are as below:  Non-solar segment: Total buy bids were 2,38,485 and total sell bids were 89,80,430. All buy bids were cleared at floor price of Rs 1,500 per REC.  Solar segment: Total buy bids were 22,958 and total sell bids were 23,48,055. All buy bids were cleared at floor price of Rs 3,500 per REC. Participants: A total of 1,420 participants traded at IEX with 904 participants in non-solar segment and 516 participants in the solar segment. On an overall basis, a total of 3,151 participants are registered in the REC segment at IEX. Of this, 829 are Eligible Entities (RE Generators) 2,309 are Obligated Entities (DISCOMs, Open Access Consumers & Captive Generators) and 13 are registered as Voluntary Entities.

PXIL successfully conducted REC trading for the month of April 2016.The total cleared volume on the exchange was 54,667 RECs that led to PXIL having a Market Share of 17.29 %. In this month clearing ratio was 1.15 % due to low demand side participation. 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 1.69 Crore RECs were available in the market for trade, however the traded volume is low as this the first monthly auction of the year. The traded volumes are expected to increase in the coming months.