The June trade session saw an upward trend in both solar & non-solar. However, demand continued to exceed supply both in the case of solar & non-solar.
Non-Solar: This session the RECs were traded at the price of INR 1555 at PXIL (55% above the floor price) and INR 1600 at IEX (60% above the floor price). A total of 5,74,530 RECs were traded in this session. The total RECs also include vintage RECs (125,163)
Solar: Total number of solar RECs traded in this session was 1,23,768 RECs traded at Rs 2,000 at PXIL (100% above the floor price) and at Rs 2000 at IEX (100% above the floor price).
The overall trade volume ( 6,98,298 RECs) decreased by almost 7% from the last months’ trade volume ( 7,50,792 RECs).