REC TRADE RESULTS FEBRUARY 2018
Non-solar demand was significantly higher than inFebruary 2017, and also last month. In total 23.58 lakh RECs were traded (125.85% higher than February 2017, and 91.61% higher than in January 2018), and clearing ratios on IEX and PXIL were 19.84% and 69.80% respectively. Total traded value was Rs 353 crores*.
REConnect shifted its major volume on PXIL in a timely manner this trade session due to higher demand as compared to IEX.
The written submission for the case on stay of trading of solar RECs has been done and the judgment is reserved.
*This value is calculated considering the rate of Rs 1500 per REC out of which Rs 1000 go to the generator and Rs 500 goes to CERC
Trading of solar RECs continues to be suspended due to the stay imposed by the Supreme Court.