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April

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REC trading in April’13

by Pradeep

After the much eventful trading in March, REC trading this month dropped on the Non-Solar front. This isn’t much of a shock as this was expected for the first month of financial year. However, the drop was so huge that Non-Solar trading in April is the lowest in 23 months. On the Solar front too, there was drop in trading volume but not as notable. Clearing Price wise, however, Rs.12093/REC was the lowest Average Clearing Price for Solar RECs since the beginning of trading in May last year. The table below summarizes the trading for April on each of the power exchanges – IEX and PXIL.

REC Trading for April'13

 

Here are a few numbers and graphs with respect to Solar and Non-Solar REC trading in April.

 

Non-Solar REC trading:

As is the trend, all the Buy Bids (44459) were cleared resulting in a Trading Value of Rs.6.67 Crores. Clearing Price stood at the usual Rs.1500 owing to oversupply. The graph below shows the trends in Buy Bids, Sell Bids, Traded Volume and Clearing Price for the last 3 months.

Non-Solar REC Trading-Last 3 months-Apr'13

 

Solar REC trading:

Against Buy Bids of 3522, 3077 Solar RECs were put up for sale and 2217 got cleared resulting in a Trading Value of Rs.2.68 Crore which is a 63% decrease from March. Clearing prices at IEX and PXIL stood at Rs.12206/REC and Rs.12000/REC respectively. The graph below shows the trends in Buy Bids, Sell Bids, Traded Volume and Clearing Price for the last 3 months.

Solar REC Trading-Last 3 months-Apr'13

Please refer to the April’13 issue of our monthly newsletter – REChronicles - for a detailed report on REC Trading/Inventory for April and to track the happenings in the industry.

You can subscribe to REChronicles here to have the newsletter delivered to your inbox as and when we release it.

 

 

 

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