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.
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.
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.
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