The November trade continued the trend at high MCP of Rs 2,400 for solar RECs on both the exchanges. The demand for solar reduced on both IEX & PXIL. In the case of Non-solar, the demand increased on IEX but decreased on PXIL.
Non-Solar: non-solar RECs traded at the price of INR 1800 at IEX (80% above the floor price) and INR 1850 PXIL (85% above the floor price). A total of 451,220 RECs were traded in this session.
Solar: The total number of solar RECs traded in this session was 54,453 at Rs 2,400 at both IEX and PXIL (140% above the floor price)
The overall trade volume (505,673 RECs) decreased by almost 26% from the last months’ trade volume (6,87,439 RECs).