The September trade session saw an overall increase in demand for both non-solar & solar. Price increased for solar RECs on IEX & PXIL both resulting in high demand but limited supply for solar RECs.
Non-Solar: non-solar RECs traded at the price of INR 1780 at PXIL (78% above the floor price) and INR 1500 at IEX (50% above the floor price). A total of 718,032 RECs were traded in this session. The total RECs also include vintage RECs (128,971) at INR 1625 on IEX and (150,500) vintage RECs at INR 1700 on PXIL.
Solar: The total number of solar RECs traded in this session was 82,403. RECs traded at Rs 2,200 at PXIL (120% above the floor price) and at Rs 2250 at IEX (125% above the floor price).
The overall trade volume (800,434 RECs) increased by almost 86% from the last months’ trade volume (430,513 RECs).