REC Trade Results May 2015 – A Significant jump after Supreme Court judgment

We are pleased to share the Result of REC trading for the month of April-15.

In May’s trading session, 256,579 Non Solar and 83,189 Solar REC’s were traded through Power Exchange (a total of 339,768 REC’s), which was more than 4 times the traded volume in April.

The significant jump appears to a direct result of the Supreme Court judgment. The SC gave its judgment upholding the applicability of RPO on open access and captive consumers. The judgment is expected to have far-reaching impact as stay on RPO in many states will become redundant. It is also expected that SERC will take a more stringent approach to RPO enforcement.

 Analysis of Trading:-

 Non Solar – Total of 2.5 Lakh REC’s were cleared in this trading session. IEX and PXIL had a clearing ratio of 3.6% and 0.4%. Non Solar REC’s traded were approx.3.5 time’s higher w.r.t previous month.

Solar – REC’s redeemed this month were 83 Thousand, which were an 8-fold increase in number w.r.t. previous month. The clearing ratio was 5.51% and 0.89% in IEX and PXIL respectively. Demand for solar REC’s significantly improved this month.

The REC trade results in the FY 2014-15 is summarized below for your reference.

Non-Solar


Solar


Media Coverage – The Hindu Business Line
BY: Team REConnect