IEX TRADES 3.88 LAC RECs IN TRADING SESSION HELD ON 28 November’18
Deepthi | Myequity news | Date : 29-11-2018 17:10:00 IST
A total of 3,88,213 RECs were cleared in the REC trading session at the Exchange held on Wednesday, 28 November, 2018 featuring trade of 3,55,657 Non-Solar RECs and 32,556 Solar RECs. The trading session saw decline of 79% YoY basis and 9% MoM basis. In Fiscal 2018-19 (year to date) IEX has cumulatively traded 59.34 RECs over 34.38 lac RECs traded in same period previous fiscal representing an increase of 73%.
NON-SOLAR REC (registered after 1.4.17)
A total of 3,55,657 Non-Solar RECs were traded with sell bid at 5,46,155 and buy bid at 6,75,109. The clearing price discovered was Rs. 1,252 per REC.
A total of 32,556 Solar RECs were traded with sell bid at 2,29,140 and buy bid at 8,52,693. The clearing price discovered was Rs. 1,101 per REC.
Both Non-Solar and Solar REC saw reversal in REC demand-supply situation with buy bids exceeding the sell bids. The Captive Users were the major buyers in the session followed by distribution companies and open access consumers.
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).