REC Trade Report – February 2014
We are pleased to bring the REC trade results and our analysis on REC trade session conducted on 26th February 2014. Following is a brief of the analysis: February 2014 was the second last trade session of Q4 for FY14. Clearing Ratios
Buying power from Exchanges economically viable for Captive Plants
According to an article in Business Standard, captive power plants have resorted to buying power from power exchanges than generating by themselves. This behavioural change of power procurement has been attributed to two main reasons : 1. Unavailability of domestic coal. 2.
REC Trade Report – January 2014
January 2014 marks first month of Q4 for FY14. Overall the clearing volumes for both type of RECs were marginally less than previous month. As per REC Registry, the market redeemed a total of 3.65 lakh RECs. Non-Solar RECs : Buy bids for
REC Trade Report – December 2013
December 2013 marks the end of Q3 for FY14. Overall the results have sustained optimism as compared to the preceding trading month. With last three months still remaining in this year and chances of higher buyer-side participation in the subsequent
REC Trade Report – November 2013
Non-solar RECs: November 2013 REC trading witnessed an increase in volumes. The spike in demand is a sign that RPO enforcement is taking its gradual effect and some states are ensuring buyers participation, thereby keeping the market upbeat. For non-solar RECs, the
REC Trading Report – October 2013
Non-Solar RECs Overall, Non-solar demand increased more than three-fold compared to last month (150,640 vs 49,831 in September 2013). As a result, clearing ratios on both exchanges improved. The uptick in demand is likely a factor of timing (most compliance takes places in
REC Trading Report – April 2013
Non Solar RECs As April is the first month of the compliance year FY 13-14 a low demand situation was expected in this month’s trading session. Out of 18.9 lakh RECs which were put for sale only 44,459 RECs were purchased
REC Trading Report – December 2012
Non-solar RECs Volume increased significantly from the lows of November. Total traded volume was 273,644 in December (up from 132,352 in November; 108% increase). Supply continued to increase. Total sell bids exceeded 14.5 lakh RECs (up 18% from last month). The demand-supply
REC trading report- November 2012
Non-solar RECs Volumes reduced sharply and prices remained at floor price for the third month.(Rs.1500/REC at IEX and PXIL; from September). Only 1.32 lakh RECs were redeemed this month (down by 41% from last month). The total supply was more than
REC Trading Report – September 2012
Non-solar RECs Prices remained at floor price this month as supply has remained far in excess of demand. The over-supply situation has persisted for the last few months – this month 7.11 lakh RECs were bid for sale (up 13% from