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November

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REC Trading in November’13

by Harini

The number of Non-Solar Buy-bids increased this month as compared to that of October. Solar REC buy-bids decreased as compared to last month with clearing price still remaining at floor price – Rs.9300/ REC.

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

REC Trading for Nov'13

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

Non-Solar REC trading:

The demand for non-solar RECs increased this month by 105.07% as compared to last month. As is the trend, all the Buy Bids (308928) were cleared. This resulted in a Trading Value of Rs. 46.33 Crores. Clearing Price stood at the usual Rs. 1500/ REC 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-Nov'13

Solar REC Trading:

This month the supply of Solar RECs was 8.35 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 9.6% lesser than that of October and the total number of Buy Bids was 20.55% lesser. Also, similar to last five months, all the Buy Bids (7354) got cleared resulting in a Trading Value of Rs. 6.83 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-Nov'13

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

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

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