REC trade session for June 2014 was conducted on 25th June 2014. The following is a summary of results –
The total transactional value of non-solar RECs was INR 208.8 million and for solar RECs it was INR 15.4 million. The closing balance of REC inventory for non solar RECs breached the 7 million mark this month whereas solar RECs crossed 0.23 million mark.
Non Solar RECs –
In case of non- solar RECs demand almost quadrupled (up by 376%) as compared to last trade session (refer – May 2014 trade report) and Supply grew by 5.23 %. Non Solar price continued to remain at floor (INR 1,500 per REC). More insights provided in graphical charts below :
Solar RECs –
Total solar RECs issued this month was 27,787 and redeemed were 1654 only. In contrast to non-solar RECs, the demand for solar RECs took a beating as it went down by 22%. Supply rose by 11% w.r.t May 2014. More details can be found in the graphs below –
Relevant media article can be read here.