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
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.
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.
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