REC trade picks up in fourth trading session

KOLKATA: The fourth Renewable Energy Certificate ( REC) trading session of FY 14 held on 31st July 2013, at Indian Eneregy Exchange featured the trade of 72,321 non -solar and 1,983 solar RECs.

This trading session witnessed increased volumes of traded RECs over the previous months however the demand-supply imbalance still remains with supply far exceeding demand.

For non-solar RECs, buy bids of 72,321 RECs and sell bids of 16, 76,875 RECs were received against which 72,321 were cleared at Rs 1,500 per REC. For solar RECs, buy bids of 1,983 RECs and sell bids of 12,486 RECs were received against which 1,983

RECs were cleared at Rs 9,300 per REC.

This trading session featured 770 market participants of which 610 participated in non-solar segment while 160 participated in the solar segment. On an overall basis, a total of 1877 participants are registered in REC segment at IEX. Of this, 467 are eligible entities (RE generators) 1397 are obligated entities like discoms, open access consumers & captive generators and 13 are registered as voluntary entities.