The December trade continued the trend at high MCP of Rs 2,400 for solar RECs on both the exchanges. The demand for solar increased 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 2000 at IEX (100% above the floor price) and 480 vintage RECs got cleared at INR 3,000 and INR 1900 PXIL (90% above the floor price). A total of 442,737 RECs were traded in this session.
Solar: The total number of solar RECs traded in this session was 61,871 at Rs 2,400 at both IEX and PXIL (140% above the floor price)
The overall trade volume (504,608 RECs) decreased by almost 0.21% from the last months’ trade volume (505,673 RECs).