The number of Non-Solar Buy-bids this month increased as compared to that of June. Solar REC buy-bids also increased as compared to last month with the clearing price remaining at floor price – Rs.9300.
The table below summarizes the trading for July 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 July.
Non-Solar REC trading:
As is the trend, all the Buy Bids (161402) were cleared. This resulted in a Trading Value of Rs.24.21 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 10.6 times higher than the demand with the number of sell bids this month being the highest since the Solar REC trading started. The clearing price for both the exchanges remained at the floor price – Rs.9300/REC. The total number of Sell Bids was 265% more than that of May and the total number of Buy Bids was about 37.18% more. Also similar to last month, all the Buy Bids (2029) got cleared resulting in a Trading Value of Rs.1.88 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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We have also released a Whitepaper on Reviving the REC market. This paper will explain the present conditions of the REC market, give the REC trading figures over a period of time and also give a six point agenda to help sell more RECs. You can download this Whitepaper here.
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