IEX Trades 3.84 Lac RECs in Trading Session Held on 26 December’18
Deepthi | Myequity news | Date : 27-12-2018 17:10:00 IST
A total of 3,83,873 RECs were cleared in the REC trading session at the Exchange held on Wednesday, 26 December, 2018 featuring trade of 2,95,601 Non-Solar RECs and 88,272 Solar RECs. The trading session saw decline of 88% YoY basis and 1% MoM basis. In Fiscal 2018-19 (year to date) IEX has cumulatively traded 63.17 lac RECs over 66.77 lac RECs traded in same period previous fiscal representing a decline of 5 %.
NON-SOLAR REC (registered after 1.4.17) Key Highlights: REC Trading Session Held On December 26, 2018
∙ A total of 2,95,601 Non-Solar RECs were traded with sell bid at 3,66,092and buy bid at 1,091,466. The clearing price discovered was Rs. 1,320 per REC.
∙ A total of 88,272 Solar RECs were traded with sell bid at 2,54,012 and buy bid 8,65,574 . The clearing price discovered was Rs. 1,450 per REC.
Both Non-Solar and Solar REC saw reversal in REC demand-supply situation with buy bids exceeding the sell bids.
The Discoms were the major buyers in the session followed by Captive users companies and Open Access consumers.
A total of 594 participants participated in the trading session. Overall 3,464 participants are registered in the REC segment at IEX out of which 749 are Eligible Entities (RE Generators); 2,694 are Obligated Entities (DISCOMs, Open Access Consumers & Captive Generators) and 21 are registered as Voluntary Entities. About IEX:
IEX is India’s first and largest power exchange offering participants an automated platform to trade in Electricity, Renewable Energy Certificates (RECs) and Energy Saving Certificates (ESCerts). The exchange enables competitive and efficient price discovery, increases the accessibility and transparency of the power market and enhances the speed and efficiency of trade execution. The Exchange is certified for quality management (ISO 9001:2008, Information security management (ISO 27001:2013) and environment management (ISO 14001:2004).