REC Trade Result – January 2020

The January trade continued the trend at high MCP of Rs 2,400 for solar RECs on both the exchanges while it also crossed the INR 2,000 trend for Non-solar on both IEX & PXIL almost after eight years. With the Financial Year 2019-2020 coming to an end, the demand for solar and Non-solar increased on both IEX & PXIL. 
Non-Solar: non-solar RECs traded at the price of INR 2200 at IEX (120% above the floor price) INR 2100 PXIL (110% above the floor price). A total of 494,484 RECs were traded in this session. 
Solar: The total number of solar RECs traded in this session was 76,220 at INR 2,400 at both IEX and PXIL (140% above the floor price) 
The overall trade volume (570,704 RECs) increased by almost 13% from the last months’ trade volume (504,608 RECs).