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June

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REC Trading in June’13

by Harini

This month demand for Non-Solar RECs continued to stay low, however compared to May there was a 36.8% increase in the number of buy bids this month. On the Solar REC front, similar to last month there was a drop in demand and the clearing price for both the exchanges was at floor price – Rs.9300/REC for the first time since the Solar REC trading started.

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

REC Trading for June'13

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

 

Non-Solar REC trading:

As is the trend, all the Buy Bids (72486) were cleared resulting in a Traded Value of Rs. 10.87 Crores. Clearing Price stood at the usual Rs.1500/REC owing to oversupply. The graph below shows the trend in Buy Bids, Sell Bids, Traded Volume and Clearing Price for the last 3 months.

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

 

Solar REC Trading:

Similar to last month, the supply for Solar RECs was higher than their demand. There was a 22.7% increase in the total number of Sell Bids to 5932 from that of May’s 4833 along with a 25% decrease in the total number of Buy Bids to 1479 as against May’s 1999. This resulted in the clearing price falling by a massive 16.8%  from last month’s Rs. 11186/REC to touch the floor price (Rs. 9300/REC) this month at both the exchanges. Against 5932 Solar RECs put up for sale for the first time all the Buy Bids (1479) got cleared, resulting in a Trading Value of Rs.1.37 Crore which is a 27.7% decrease from that of May. The graph below shows the trend in Buy Bids, Sell Bids, Traded Volume and Clearing Price for the last 3 months.

Solar REC Trading-Last 3 months-June'13

 

Please refer to the June’13 issue of our monthly newsletter – REChronicles – for a detailed report on REC Trading/Inventory for June and to keep a track of 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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