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September

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REC Trading in September’13

by Harini

The number of Non-Solar Buy-bids still remained low, similar to that of August. Solar REC buy-bids however increased significantly as compared to last month with the clearing price remaining at floor price – Rs. 9300.

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

REC Trading for Sept'13

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

 

Non-Solar REC trading:

As is the trend, all the Buy Bids (49831) were cleared this month. This resulted in a Trading Value of Rs. 7.47 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-Sept'13

Solar REC Trading:

This month the supply of solar RECs was 7.3 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 64.5% more than that of August and the total number of Buy Bids was a significant 184.5% more. Also similar to last month, all the Buy Bids (6712) got cleared resulting in a Trading Value of Rs.6.24 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-Sept'13

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