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December

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REC Trading in December’13

by Harini

The number of Non-Solar buy bids increased this month as compared to November. Solar buy bids also increased as compared to last month with clearing price remaining at floor price – Rs. 9300/REC.

The table below summarizes the trading for December on each of the Power Exchanges – IEX and PXIL

REC Trading for Dec'13

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

Non-Solar REC trading:

The demand for non-solar RECs increased this month by 30.73% as compared to the previous month. As is the trend, all the Buy Bids (403862) were cleared. This resulted in a Trading Value of Rs.60.57 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-Dec'13

Solar REC trading:

This month, supply of solar RECs was 11.47 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 47.19% higher than that of November and the total number of Buy Bids was 7.17% higher. Also similar to last five months, all the Buy Bids (7882) got cleared resulting in a Trading Value of Rs.7.33 Crore. 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-Dec'13

Please refer to the December’13 issue of our monthly newsletter – REChronicles – for a detailed report on REC Trading/Inventory for December.

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

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