REC Trading Update – July 2011

REC Trading has been picking up gradually. Both the volumes traded and the price showed some improvement over the last month – approximately 18,500 Non-solar RECs were traded this month, as compared to 16,000 in June.
Price also showed marginal improvement, increasing to Rs 1,555 and 1,550 (IEX and PXIL) from Rs 1, 505 last month.

Its also important to note that RECs available in the market have now crossed 36,000. This is not due to lack of demand (demand was close to 96,000 RECs this month), clearly indicating that sellers are looking for better prices, and expect to get those later in the year, as compliance draws near.
No solar RECs were traded.