PXIL successfully conducted REC trading for the month of December 2015. The total cleared volume on the exchange was 94,366 RECs that led to PXIL having a Market Share of 9.83%. In this month clearing ratio was 1.93 % due to low demand side participation. During this trading session, the prices in the solar and non-solar categorieshave remained at the floor level.
Prior to today’s auction more than 1.76 Crore RECs 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 coming months as many obligated entities would start purchasing REC’s to meet their RPO targets.
With 8.66 lac RECs traded, the December’15 Renewable Energy Certificate (REC) trading session at IEX held on 30thDecember, 2015 recorded the highest ever trade since the inception of the market. The total trade volume this month is more than double of the previous highest trade of 4.24 lac RECs traded in January’15. This jump in traded volumes can be attributed to better RPO compliance with distribution companies purchasing RECs to meet their Renewable Purchase Obligation (RPO) compliance.The REC trading session on 30thDecember,2015 at IEX,witnessed trade of a total of 8,65,675RECs –8,06,993 N-Solar and 58,682 Solar RECs.
In the non-solar segment, total buy bids of8,06,993 and total sell bids of 97,08,928 were receivedand allthebuy bids were cleared at floor price of Rs 1,500 per REC.
In the solar segment, totalbuy bids of 58,682 RECs and sell bids of 22,42,890 RECs were received and all buy bidswere cleared at floor price of Rs3,500 per REC.
So far this year, 19.5 lacs RECs have been traded at IEX as compared to 4.3 lacs RECs last year in the same period.This is a good sign for RE generators who will get relief in terms of revenues.
Participants:
A total of 1,296 participants traded at IEX with 860participants in non-solar segment and 436 participants in the solar segment.On an overall basis,a total of 2,630participants are registered in the REC segment at IEX. Of this,798are Eligible Entities (RE Generators) 1,820are Obligated Entities (DISCOMs, Open Access Consumers & Captive Generators)and12are registered as Voluntary Entities.
