The July trade session saw a reduction in demand in both solar & non-solar, though it remained well above available supply. Prices increased for both solar & non-solar RECs.
Non-Solar: Non-solar RECs traded at the price of INR 1705 at PXIL (70.5% above the floor price) and INR 1650 at IEX (65% above the floor price). A total of 500,572 RECs were traded in this session. The total RECs also include vintage RECs (10,817) and the vintage prices have increased to 1600.
Solar: Total number of solar RECs traded in this session was 1,29,056. 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 (629,628 RECs) decreased by almost 10% from the last months’ trade volume ( 6,98,298 RECs).