As the country fights COVID – 19 and the markets across the world take the brunt of it, the REC Trade was also not spared from its wrath. The Non-solar clearing price came swingeing down to the floor price of INR 1,000 at both the exchange platform in this trade session. However, Solar Market Clearing Price (MCP) continued to clear at the forbearance price of INR 2,400 on both IEX & PXIL. Despite this being the financial year-end month, the market did not see the demand accordingly as the sentiments across the markets are down.
Non-Solar: non-solar RECs traded at the price of INR 1,000 at IEX ( floor price) INR 1000 at PXIL (floor price). A total of 789,766 RECs were traded in this session.
Solar: The total number of solar RECs traded in this session was 48,682 at INR 2,400 at both IEX and PXIL (140% above the floor price).
The overall trade volume (838,448 RECs) decreased dramatically to 60% from the last months’ trade volume (2,142,410 RECs).