REC Trading Report August-2014
REC trading session of August-14 was conducted on 27th August 2014. Below is a summary of the result:-
Demand continues to be lack-lusture. Overall demand was 50681 for non-solar RECs, and 1163 solar RECs. Overall market clearing ratio for Non-solar RECs was 0.58%, and for Solar RECs was 0.35%. Summary is given below in the table below.
- Non Solar REC:
Though the Total RECs redeemed this month increased over previous month, it was due to poor demand in July. The demand picked up by 60% from the month of July. The supply rose marginally by 5% w.r.t July. Non Solar price remained at 1500 INR (Floor Price).
Clearing ratios at IEX were 0.40% and PXIL were 0.73%.
- Solar REC:
Demand fell significantly over previous month. However, demand was exceptional last month due to purchase by a Discom.. The Total supply grew by 15% with respect to July. Only 1163 RECs were traded this month which was next to lowest as of in this year.
Clearing ratios at IEX were 0.24% and PXIL were 0.43%.
Contributed By: Cigil & Vibhav Nuwal