The number of Non-Solar Buy-bids decreased drastically as compared to that of July. Solar REC buy-bids however increased as compared to last month with the clearing price remaining at floor price – Rs.9300.
The table below summarizes the trading for August on each of the Power Exchanges – IEX and PXIL
Here are a few numbers and graphs with respect to Solar and Non-Solar REC trading in August.
Non-Solar REC trading:
As is the trend, all the Buy Bids (40889) were cleared. This resulted in a Trading Value of Rs.6.13 Crores. Clearing Price stood at the usual Rs.1500 owing to oversupply. The graph below shows the trend in Buy Bids, Sell Bids, Traded Volume and Clearing Price for the last 3 months.
Solar REC Trading:
This month the supply of solar RECs was 13 times that of demand. The clearing price for both the exchanges remained at the floor price – Rs.9300/REC. The total number of Sell Bids was 39% more than that of July and the total number of Buy Bids was about 16% more. Also similar to last month, all the Buy Bids (2359) got cleared resulting in a Trading Value of Rs.2.19 Crore. The graph below shows the trend in Buy Bids, Sell Bids, Traded Volume and Clearing Price for the last 3 months.
You can subscribe to REChronicles here to have the newsletter delivered to your inbox as and when we release it.
Most Popular Blogs