REC trading session of Oct -14 was conducted on 29th Oct 2014. Below is a summary of the result:- The Total closing balance for the October Trading session was around 11 Million RECs. The RECs inventory is piling up and increasing per month by around 8%, which if seen from the demand point of view is more than the total RECs cleared in the current financial year. In a recent proposal by CERC, the REC prices are expected to reduce to half of existing Floor and Forbearance price.
Non Solar REC The demand for Non Solar RECs stood at 74 thousand RECs. The Total Transaction was close to around 111 Million INR. The market was optimistic for Non Solar RECs. The RECs traded at their floor price of INR 1500.
Solar REC The demand for Solar RECs took a hit in this trading session as it stagnated to 379 RECs. Demand was lowest in the history of the Solar RECs. The Total Supply grew by 22% from the previous month The Total Solar REC market transaction stood at around 12 Million INR. The Solar RECs Traded at floor Price of 9300 INR.
Contributed By: Cigil