REC Trade Report of December Trading Session

Non Solar RECs
In November 2014, demand improved substantially over the previous month, closing over 3 Lakh. Clearing ratios showed significant improvement over the last month. The closing balance of REC inventory for Non- Solar RECs did not show much rise. Issuance has been generally high in the last quarter. Trading is expected to show significant improvement over the next 3 months. Clearing price remained glued to 1500.


 
Solar RECs
This trading session, demand almost doubled over previous month, rallying behind good demand from some states, albeit it remained very low considering the huge inventory. Clearing ratio rose marginally on both IEX and PXIL. Demand showed good signs of recovery, and with the recent amendment to the REC mechanism, Floor price of Solar RECs being reduced to Rs 3500 from previous Rs 9300 per REC, the demand for Solar is expected to skyrocket in the coming 3 months. Clearing price remained at 9300.


Contributed By: Team REConnect
Media coverage: Bloomberg