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October

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REC Trading in October’13

by Harini

October trading session was quite active with both Non-Solar and Solar REC witnessing a boost in trading. The number of Non-Solar Buy-bids increased two-fold as compared to last month. Solar REC Buy-bids also continued to increase as compared to last month with the clearing price still remaining at the floor price – Rs. 9300.

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

REC Trading for Oct'13

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

Non-Solar REC trading:

The demand for non-solar RECs increased this month by 202.3% as compared to the previous month. As is the trend, all the Buy Bids (150640) were cleared. This resulted in a Trading Value of Rs.22.59 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.

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

Solar REC Trading:

This month, supply of solar RECs was 7.34 times that of demand. The total number of Sell Bids was 37.2% more than that of September and the total number of Buy Bids was 37.9% more. The clearing price for both the exchanges still remained at the floor price of Rs.9300/REC owing to continued over-supply. Also similar to last four months, all the Buy Bids (9257) got cleared resulting in a Trading Value of Rs.8.6 Crore which is the highest so far. 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-Oct'13

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