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.
Participants:
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.
